Ms. Sandhya deposits an amount of Rs 31,400 to obtain a simple interest at the rate of 12 percent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?(a) Rs 31,444(b) Rs 61,544(c) Rs 41,544(d) Rs 31,144(e) None of these

Ms. Sandhya deposits an amount of Rs 31,400 to obtain a simple interes

1.	Ms. Sandhya deposits an amount of Rs 31,400 to obtain a simple interest at the rate of 12 percent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?(a) Rs 31,444(b) Rs 61,544(c) Rs 41,544(d) Rs 31,144(e) None of these
Answer» (b) Simple Interest = P×R×T / 100 = 31400 x 8 x 12 / 100 = Rs 30144 Therefor Required amount = Rs (31400 + 30144) = Rs 61544

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Ms. Sandhya deposits an amount of Rs 31,400 to obtain a simple interest at the rate of 12 percent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?(a) Rs 31,444(b) Rs 61,544(c) Rs 41,544(d) Rs 31,144(e) None of these

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