Multiple choice

What is the amount if the principal amount is Rs. 3000, time is 3 years and the interest rate is 10%?

  1. Rs. 3500

  2. Rs. 30,000

  3. Rs. 3900

  4. Rs. 39,000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (3000 * 10 * 3) / 100 = 900. Amount = Principal + Interest = 3000 + 900 = 3900.

AI explanation

Using the simple interest formula SI = (Principal x Rate x Time) / 100, the interest calculates to (3000 x 10 x 3) / 100 which equals Rs. 900. The total amount is found by adding this interest to the principal, so Amount = 3000 + 900 = Rs. 3900. The required amount is Rs. 3900.

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