Multiple choice

Ms. Bhavya Luthra deposits an amount of INR 45000 to obtain a simple interest at the rate of 10% per annum for 3 yr. what total amunt will Ms. Bhavya Luthra gets at the end of 3 yr?

  1. INR 56525

  2. INR 57550

  3. INR 58500

  4. INR 59575
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The simple interest is 45000 × 10/100 × 3 = INR 13500. Adding this to the principal gives a total amount of INR 58500.

AI explanation

Using the Simple Interest formula, the interest equals (Principal x Rate x Time) / 100, which is calculated as (45000 x 10 x 3) / 100, yielding Rs. 13500. The total amount received at the end of 3 years is the sum of the principal and the interest, so 45000 + 13500 equals INR 58500.

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