Question

The interest paid on ₹ 600 for a period of 3 years at the rate of 6% p.a is . And the amount to be paid at the end of the period is .

• A. ₹ 96
• B. ₹ 708
• C. ₹ 108
• D. ₹ 696

Answer 1

Answer: (B), (C)

The correct options are
B ₹ 708
C ₹ 108

Given that,
Principal amount = ₹ 600
Rate = 6 %
Time = 3 years

$\therefore$ S.I $=\frac{P\times R\times T}{100}$
$\therefore$ S.I $=\frac{600\times 6\times 3}{100}$
S.I = ₹ 108.
Total amount paid = Principal + S.I
= ₹ 600 + ₹ 108
= ₹ 708.

Hence, the interest paid on ₹ 600 is ₹ 108 and total amount paid at the end of the period is ₹ 708.