Question

A sum of ₹ 9000 is invested at the rate of 10 p.c.p.a in simple interest for 2 years. Find the total amount after two years.

• A. Rs 10800
• B. Rs 10500
• C. Rs 10600
• D. Rs 10400

Answer 1

The correct option is A Rs 10800

Given
P = ₹ 9000 , R = 10 p.c.p.a , T = 2 years
Using the formula
S.I = $\frac{P\times R\times T}{100}$
= $\frac{9000\times 10\times 2}{100}$
S.I = ₹ 1800
Total amount after two years = P + S.I.
= ₹ 9000+ ₹ 1800= ₹ 10800