Practicing Success
A man invested ₹2,400 at 5% and ₹5,400 at 9% simple interest. What amount(in ₹) will he get from his investments after 6 years? |
45,600 31,200 83,136 11,436 |
11,436 |
We know , Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) Simple Interest of 6 years = \(\frac{2400 ×5 × 6}{100}\) + \(\frac{5400 × 9 × 6}{100}\) = 720 + 2916 = 3636 Now , Amount after 6 years = Principal + Simple Interest of 6 years = ( 2400 + 5400 ) + 3636 = 11436 |