Multiple choice

Ms. Kavitha borrowed Rs. 950 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

  1. Rs. 292

  2. Rs. 1187

  3. Rs. 1178

  4. Rs. 228

  5. NA
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (950 * 6 * 4) / 100 = 228. Total amount = 950 + 228 = 1178.

AI explanation

First find the simple interest using the formula Principal x Rate x Time / 100, which is 950 x 6 x 4 / 100 = 228. The total amount required to clear the debt is the principal plus the interest, so 950 + 228 = 1178. Since this matches option C, the provided answer of Rs. 1178 is correct, though option B labels it as 1187.

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