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Find the amount after 3 years if Sumeet lent out $R s .10000$ at $5$ % pa for 3 years

A

11100

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B

11500

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C

12500

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D

None

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Solution

The correct option is C $11500$
$A = P + I = 10000 + \frac{10000 \times 3 \times 5}{100}$
$= 10000 + 1500 = 11500$

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