Kriya deposits an amount of RS. 65800 to obtain a simple interest at the rate of 14% per annum for 4 yr. What total amount will Kriya get at the end of 4 yr?
Correct Answer: Description for Correct answer:
Here, P = RS. 65800, R = 14%, T = 4 yr
Hence, SI = \( \Large \frac{65800\times 14\times 4}{100} \)= RS. 36848
Required amount = P + SI
= 65800 + 36848 = RS. 102648
Part of solved Simple and compound interest questions and answers :
>> Aptitude >> Simple and compound interest