A principal of ₹ 40,000 is deposited in a bank which offers a simple interest at a rate of 10% a year. What is the amount at the end of 2 years?

Rs.48000

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Rs.44000

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Rs.40000

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Rs.48000

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Solution

The correct option is A
Rs.48000

$S I$ $=$ $\frac{P r i n c i p a l \times t i m e \times r a t e}{100}$
$= \frac{40000 \times 2 \times 10}{100}$
$= ₹ 8000$ .
Amount at the end of two years $= P r i n c i p a l + S I$
$= ₹ 48, 000$ .

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A principal of ₹ 40,000 is deposited in a bank which offers a simple interest at a rate of 10% a year. What is the amount at the end of 2 years?

The correct option is A Rs.48000 SI= Principal×time×rate100 =40000×2×10100 =₹ 8000. Amount at the end of two years =Principal+SI =₹ 48,000.

The correct option is A
Rs.48000

$S I$ $=$ $\frac{P r i n c i p a l \times t i m e \times r a t e}{100}$
$= \frac{40000 \times 2 \times 10}{100}$
$= ₹ 8000$ .
Amount at the end of two years $= P r i n c i p a l + S I$
$= ₹ 48, 000$ .