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Mathematics

Manoj invested ₹ 8,000 for 10 years at 10% p.a. simple interest. The amount at the end of 2 years will be :

  1. ₹ 9,600

  2. ₹ 9,800

  3. ₹ 16,000

  4. None of these

Simple Interest

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Answer

Given:

P = ₹ 8,000

R = 10%

T = 2 years

S.I.=(P×R×T100)S.I.=(8,000×10×2100)S.I.=1,60,000100S.I.=1,600\because \text{S.I.} = ₹ \Big(\dfrac{P \times R \times T}{100}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ \Big(\dfrac{8,000 \times 10 \times 2}{100}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ \dfrac{1,60,000}{100}\\[1em] \Rightarrow \text{S.I.} = ₹ 1,600

And,

A = P + S.I.A=8,000+1,600A=9,600\text{A = P + S.I.}\\[1em] \Rightarrow\text{A} = ₹ 8,000 + ₹ 1,600\\[1em] \Rightarrow\text{A} = ₹ 9,600

Hence, option 1 is the correct option.

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