Question

A man invested 75,000 at the rate of $7\frac{1}{2}$% per annum simple interest for 6 years. Find the amount he will receive after 6 years.

• A. 1,12,500
• B. 69,600
• C. 75,000
• D. 1,08,750

Answer 1

Answer:

D. 1,08,750

$SI =\frac{PNR}{100}$

$=\frac{75000\times{6}\times{15}}{200}$

$= 33750</p><p style="color: rgb(0,0,0);"></p><p style="color: rgb(0,0,0); margin-top: 2px; margin-bottom: 2px" data-pxy="true">Amount = P +SI</p><p style="color: rgb(0,0,0);"></p><p style="color: rgb(0,0,0); margin-top: 2px; margin-bottom: 2px" data-pxy="true">$= 75000+133750 =1,08,750