Question

Suraj deposited ₹ 2,50,000 in a bank at 6 p.a for 5 years. What is the total amount he will get from the bank?

• A. 3,25,000 rupees
• B. 3,00,000 rupees
• C. 3,50,000 rupees
• D. 3,75,000 rupees

Answer 1

The correct option is A 3,25,000 rupees

Given P= ₹ 2,50,000 , Interest=6 p.a, T=5 years
We know that,

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

$=\frac{2,50,000\times 6\times 5}{100}$

$=₹75,000$

$\therefore$ Amount he will get from bank is Principle + Interest
=2,50,000+75,000
=₹ 3,25,000