Multiple choice

What is the amount obtained on Rs. 1,23,400 on simple interest at the rate of 12% p.a. for 15 years?

  1. Rs. 3,50,000

  2. Rs. 3,45,530

  3. Rs. 2,22,120

  4. Rs. 3,45,520
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (123400 * 12 * 15) / 100 = 1234 * 180 = 222120. Amount = Principal + Interest = 123400 + 222120 = 345520.

AI explanation

Using the simple interest formula, the interest is 123400 times 12 times 15 divided by 100, which equals 222120. The total amount obtained is the sum of the principal and the interest, so 123400 plus 222120 equals 345520.

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