Saurabh invests ₹ 1,50,000 for three years at the rate of 10% per annum. Find the sum due to Saurabh at the end of the first year.

₹ 65000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 1,60,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 1,65,000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹ 15000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
₹ 1,65,000

Given: Principal = ₹ 1,50,000,
Rate = 10%, Time = 1 year

$Interest for one year$

$= \frac{P R T}{100} = \frac{(150000 \times 10 \times 1)}{100}$

$= ₹ 15000$

$So, sum due after one year$
= ₹ (150000 + 15000)
= ₹ 1,65,000

Suggest Corrections

Similar questions

Ramesh invests ₹ 12800 for three years at the rate of $10 %$ per annum . Find the sum due to Ramesh at the end of the first year.

R s . 48, 000

7

10 %

Ramesh invests ₹12800 for three years at the rate of 10% per annum compound interest. Find the sum due to Ramesh at the end of the first year.

Vishal invests ₹ 12000 for three years at the rate of $10 %$ per annum compound interest. Find the sum due to Vishal at the end of the first year.

Ramesh invests Rs.12800 for three years at the rate of $10 %$ per annum compound interest. Find the sum due to Ramesh at the end of the first year.

Join BYJU'S Learning Program