Question

Subashini invested an amount of Rs $10840$ at the rate of $12$ p.c.p.a. for $10$ years. What total amount will she obtain with the simple interest at the said rate at the end of $8$ years?

• A. $23848$
• B. $23840$
• C. $22848$
• D. $22840$

Answer 1

The correct option is A $23848$

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

$\Rightarrow$ $S.I.=\frac{10840\times 12\times 10}{100}$

$\Rightarrow$ $S.I.=1084\times 12$

$\Rightarrow$ $S.I.=Rs.13008.$

$\therefore$ Total amount Subashini obtain = $Rs.10840+Rs.13008=Rs.23848.$