Question

Devi deposited ₹ 10000 for 4 years at a rate of 6% p.a. Find the interest and amount Devi received.

• A. 2,400 and 12,400
• B. 2,500 and 12,500
• C. 3,000 and 13,000
• D. 2,600 and 12,600

Answer 1

The correct option is A 2,400 and 12,400

Principal (P) = ₹ 10000

Time (T) = 4 years

Rate (R) = 6% p.a.

$\Rightarrow$ Simple Interest $=\frac{\text{P}\times \text{r}\times \text{t}}{100}$

$=\frac{10,000\times 6\times 4}{100}$

= ₹2400

Amount (A) = Principal (P) + Interest (I)

= 10000 + 2400 = 12400

The interest Devi earned for 4 years = ₹ 2400.

The amount Devi got ₹ 12400.