NIACL Model Paper 9 with solutions for free online practice

Question : 49 of 100

Marks: +1, -0

Ms. Suchi deposits an amount of Rs. 24,000 to obtain a simple interest at the rate of 14 p.c.p.a. for 8 years. What total amount will Ms. Suchi get at the end of 8 years?

Rs. 62080
Rs. 28,000
Rs. 50,880
Rs. 26,880
None of these

Validate

Solution:

(3) S.I=

{24000×8×14}/100

= Rs. 26880
∴ Total amount
= Rs. (24000 + 26880) = Rs. 50880

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