Question

Sami deposited Rs. $20000$ for $5$ year at a rate of $5\%$ p.a. Find the amount Sami got.

• A. $10,000$
• B. $15,000$
• C. $25,000$
• D. $35,000$

Answer 1

The correct option is C $25,000$

Given, $P=$ Rs. $20000$, $t=5$ years, $R=5\%$ p.a.

We know $S.I.=\frac{P\times R\times T}{100}$

$\Rightarrow$ $S.I.=\frac{20000\times 5\times 5}{100}$

$\Rightarrow$ $S.I.=$ Rs. $5000.$

Therefore, total amount Sami got $=$ Rs. $20000+$ Rs. $5000=$ Rs. $25000$.