Simple Interest Practice Test 1

Question : 5 of 40

Marks: +1, -0

Mr. Jha invests an amount of Rs.18000 to obtain a simple interest at the rate of 15 per cent per annum for 6 years. What total amount will Mr. Jha get at the end of 6 years?

Rs. 33500
Rs. 34000
Rs. 34200
Rs. 35000

Validate

Solution:

I =

{18000 ×15 ×6}/100

= Rs. 16,200
Hence, amount = 18000 + 16200 = Rs. 34200

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