Question

Ms. Kyle deposits an amount of Rs. $15400$ to obtain a simple interest at the rate of $12.5\%$ for $4$ years. What total amount will Ms. Kyle get at the end of $4$ years?

• A. $13100$
• B. $23100$
• C. $33100$
• D. $43100$

Answer 1

The correct option is B $23100$

Use the formula, $A=P+PRT$
Given, $P=15400,R=12.5\%,T=4$
Thus, $A=15400+15400\times \frac{12.5}{100}\times 4$
$\Rightarrow A=15400+7700$
$\Rightarrow A=$ Rs. $23100$

The total amount will Ms. Kyle get at the end of $4$ years is Rs. $23100$.