A principle of ₹ 40,000 is deposited in a bank which offers a simple interest at the rate of 10% per annum. Calculate the amount at the end of the year.

₹ 41,000

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₹48,000

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₹ 44,000

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₹ 50,000

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Solution

The correct option is C ₹ 44,000
Given
P = ₹ 40,000, T = 1 year, R = 10%

SI = $\frac{Principal \times time \times rate}{100}$ = $\frac{40000 \times 1 \times 10}{100}$ = ₹ 4,000.

Amount at the end of the year = Principal + SI
= ₹ 40,000 + ₹ 4,000
= ₹ 44,000

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A principle of ₹ 40,000 is deposited in a bank which offers a simple interest at the rate of 10% per annum. Calculate the amount at the end of the year.

The correct option is C ₹ 44,000Given P = ₹ 40,000, T = 1 year, R = 10% SI = Principal×time×rate100 = 40000×1×10100 = ₹ 4,000. Amount at the end of the year = Principal + SI = ₹ 40,000 + ₹ 4,000 = ₹ 44,000

The correct option is C ₹ 44,000
Given
P = ₹ 40,000, T = 1 year, R = 10%

SI = $\frac{Principal \times time \times rate}{100}$ = $\frac{40000 \times 1 \times 10}{100}$ = ₹ 4,000.

Amount at the end of the year = Principal + SI
= ₹ 40,000 + ₹ 4,000
= ₹ 44,000