Multiple choice

Parul invests Rs. 72000 to obtain simple interest at the rate of 17 p.c.p.a. in 3 years. How much amount will Parul obtain after 3 years?

  1. Rs. 108720

  2. Rs. 112720

  3. Rs. 105720

  4. Rs. 110472

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple Interest = (P × R × T)/100 = (72000 × 17 × 3)/100 = Rs. 36720. Total amount = Principal + Interest = 72000 + 36720 = Rs. 108720. Option A is correct.

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