Multiple choice

Rs. 4800 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.

  1. 6080 rs

  2. 5520 rs

  3. 5470 rs

  4. 6020 rs

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SI = (4800 * 5 * 3) / 100 = 720. Amount = 4800 + 720 = 5520.

AI explanation

Using the simple interest formula of principal times rate times time divided by 100, the interest is 4800 times 5 times 3 divided by 100, which equals 720. The total amount is the principal plus the interest, so 4800 plus 720 equals 5520. The amount after 3 years is 5520 rs.

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