Multiple choice

Apurva deposited a certain sum of money in a bank that offered 6% rate of simple interest per annum. At the end of the second year, he received Rs. 150 as interest. How much money will Apurva get at the end of eight years?

  1. Rs. 1850

  2. Rs. 1250

  3. Rs. 650

  4. Rs. 600

  5. Rs. 2100
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the money invested by Apurva, i.e. principal be Rs. P. Rate of interest (R) = 6% per annum Time period (T) = 2 years Interest received (I) = Rs. 150 Thus, Apurva had invested Rs. 1250 in funds. At the end of 8 years, she will get Rs. 1850 Option (1) is correct.

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