Question

Ms. Bhavya Luthra deposits an amount of INR 45000 to obtain a simple interest at the rate of 10% per annum for 3 yr. what total amunt will Ms. Bhavya Luthra gets at the end of 3 yr?

• A. INR 56525
• B. INR 57550
• C. INR 58500
• D. INR 59575

Answer 1

The correct option is C INR 58500

$p=INR45000$, $t=3years$, $4=10$%

Simple interst $=\frac{ptr}{100}$

$=\frac{45000\times 3\times 10}{100}$

$=INR13500$

$Totalamount=p+S.I.$

$=45000+13500=INR58500$

Hence Ms. Bhavya Luthra will get $INR58500$ in the end of third year.