What is the amount obtained by depositing 12,500 at 8% simple interest per annum for 5 years?
17500

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Solution

The correct option is A 17500
Given,
Principal(P) = ₹ 12,500
Time period(N) = 5 years
Rate of interest(R) = 8%.
Simple Interest = $\frac{P N R}{100}$

= $\frac{12, 500 \times 5 \times 8}{100}$
= ₹ 5,000
Amount = Principal + Simple Interest
= ₹ 12,500 + ₹ 5,000
= ₹ 17,500

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What is the amount obtained by depositing 12,500 at 8% simple interest per annum for 5 years?17500

The correct option is A 17500Given, Principal(P) = ₹ 12,500 Time period(N) = 5 years Rate of interest(R) = 8%. Simple Interest = PNR100 =12,500×5×8100 = ₹ 5,000 Amount = Principal + Simple Interest = ₹ 12,500 + ₹ 5,000 = ₹ 17,500

What is the amount obtained by depositing 12,500 at 8% simple interest per annum for 5 years?
17500

The correct option is A 17500
Given,
Principal(P) = ₹ 12,500
Time period(N) = 5 years
Rate of interest(R) = 8%.
Simple Interest = $\frac{P N R}{100}$

= $\frac{12, 500 \times 5 \times 8}{100}$
= ₹ 5,000
Amount = Principal + Simple Interest
= ₹ 12,500 + ₹ 5,000
= ₹ 17,500