Question

Meena decides to buy a laptop by paying Rs. $2600$ at $12\%$ simple interest p.a. for $24$ months. The company charges a processing fee of $1\%$ for this scheme. Calculate the selling price of the laptop.

• A. Rs. $\mathrm{45,882}$
• B. Rs. $\mathrm{39,264}$
• C. Rs. $\mathrm{48,629}$
• D. Rs. $\mathrm{42,162}$

Answer 1

The correct option is D Rs. $\mathrm{42,162}$

$P_{total}=Rs.2600+1\%of2600=Rs.2626$

$\frac{P_{total}\times r\times t}{100}$

$\frac{2626\times 12\times 2}{100}=630.24$

S.P amount $=S.I+P_{total}=630.24+2626=Rs.3256.24$