Question 15

Amount received on Rs. 3000 for 2 yr at the rate of 11 % per annum is
(a) Rs. 2340
(b) Rs. 3660
(c) Rs. 4320
(d) Rs. 3330

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Solution

Given, P = Rs. 3000,
T = 2 yr,
and R = 11 %
$∴ I = \frac{P \times R \times T}{100} = \frac{3000 \times 11 \times 2}{100} = R s . 660$
Now, amount (A) = P + I
= 3000 + 660
= Rs. 3660

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Question 15 Amount received on Rs. 3000 for 2 yr at the rate of 11 % per annum is (a) Rs. 2340 (b) Rs. 3660 (c) Rs. 4320 (d) Rs. 3330

Given, P = Rs. 3000, T = 2 yr, and R = 11 % ∴ I=P×R×T100=3000×11×2100=Rs.660 Now, amount (A) = P + I = 3000 + 660 = Rs. 3660

Question 15

Amount received on Rs. 3000 for 2 yr at the rate of 11 % per annum is
(a) Rs. 2340
(b) Rs. 3660
(c) Rs. 4320
(d) Rs. 3330

Given, P = Rs. 3000,
T = 2 yr,
and R = 11 %
$∴ I = \frac{P \times R \times T}{100} = \frac{3000 \times 11 \times 2}{100} = R s . 660$
Now, amount (A) = P + I
= 3000 + 660
= Rs. 3660