Question

Mahesh deposited ₹ 8650 in a bank at the rate of 6 % per annum. How much money will he get at the end of the year?

• A. ₹ 9,000
• B. ₹ 8,900
• C. ₹ 9,169
• D. ₹9,500

Answer 1

The correct option is C ₹ 9,169

Given:
Principal (P) = 8650 rupees
Rate of interest (R) = 6%
Time (T) = 1 year

SI = $\frac{P\times R\times T}{100}$

= $\frac{8650\times 6\times 1}{100}$

= ₹ 519

Amount = Principal + Interest
= 8650 + 519
= 9169
Hence, Mahesh will get ₹9169 at the end of the year.