Multiple choice

Deepa invests Rs. 55200 at the rate of 12 p.c.p.a. for 5 years to obtain simple interest. How much simple interest will she obtain after 5 years?

  1. Rs. 30650

  2. Rs. 33120

  3. Rs. 32550

  4. Rs. 34180

  5. Rs. 30180
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = Principal × Rate × Time / 100 = 55200 × 12 × 5 / 100 = 552 × 12 × 5 = 552 × 60 = Rs. 33120.

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