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Ramesh invested ₹1,232 at 5% p.a. rate of simple interest in a bank. What amount will he get after 3 years?

A₹1,416.80

B₹2,145.80

C₹1,848.80

D₹1,285.80

Answer:

A. ₹1,416.80

Read Explanation:

interest for one year 1232×5100=61.61232\times \frac{5}{100}=61.6

for 3 years =3×61.6=184.8=3\times 61.6=184.8

total sum =1232+184.8=1416.8=1232+184.8=1416.8


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