If Vinay invested ₹5,000 in a scheme at a simple interest rate of 5% per annum for 73 days, he will get at the end of 73 days.

₹5,150

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₹6,050

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₹5,050

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Solution

The correct option is C ₹5,050
Principal = ₹5,000
Interest rate = 5% p.a.
Time period = 73 days
1 year = 365 days
So, 73 days = $\frac{73}{365}$ = $\frac{1}{5}$ years

S.I. = $\frac{P R T}{100}$
S.I. = $\frac{5000 \times 5 \times 1}{100 \times 5}$
S.I. = ₹50
Amount = Principal + S.I.
Amount = ₹5,000 + ₹50
Amount = ₹5,050

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If Vinay invested ₹5,000 in a scheme at a simple interest rate of 5% per annum for 73 days, he will get at the end of 73 days.

The correct option is C ₹5,050Principal = ₹5,000 Interest rate = 5% p.a. Time period = 73 days 1 year = 365 days So, 73 days = 73365 = 15 years S.I. = PRT100 S.I. = 5000×5×1100×5 S.I. = ₹50 Amount = Principal + S.I. Amount = ₹5,000 + ₹50 Amount = ₹5,050