Question

    Kavita has deposited ₹4000 with the bank for two years

    at 6.25% simple interest per annum. What will be the total amount that Kavita will receive at the end of the two-year term?
    A ₹4475 Correct Answer Incorrect Answer
    B ₹4625 Correct Answer Incorrect Answer
    C ₹4400 Correct Answer Incorrect Answer
    D ₹4500 Correct Answer Incorrect Answer

    Solution

    R=6.25% t=2 P= 4000 SI =4000×6.25×2)100 =50000/100=500 SI=500 Kavita will receive at the end of the two-year=4000+500=4500.

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