Multiple choice

Tanishka deposited $Rs. 50,000$ in a bank for two years with the interest rate at $5.5$% p.a. What will be the final value of investment?

  1. $6,000$
  2. $5,250$
  3. $55,500$
  4. $5,500$
Reveal answer Fill a bubble to check yourself
C Correct answer
AI explanation

Using the Simple Interest formula, we calculate the interest as 50,000 times 5.5 times 2 divided by 100, which equals Rs. 5,500. The final value of the investment is the sum of the principal and the interest, so 50,000 plus 5,500 equals Rs. 55,500.

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