Multiple choice

Ms. Kyle deposits an amount of Rs. $15400$ to obtain a simple interest at the rate of $12.5\%$ for $4$ years. What total amount will Ms. Kyle get at the end of $4$ years?

  1. $13100$
  2. $23100$
  3. $33100$
  4. $43100$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (15400 * 12.5 * 4) / 100 = 154 * 50 = 7700. Total amount = 15400 + 7700 = 23100.

AI explanation

Using the simple interest formula of principal multiplied by rate multiplied by time divided by 100, the calculation is Rs. 15400 multiplied by 12.5 multiplied by 4, which equals 770000. Dividing 770000 by 100 gives the interest of Rs. 7700, and adding this to the original principal of Rs. 15400 gives a total amount of Rs. 23100. The result is 23100.

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