If Seema invests ₹17,650 in an account that yields 8.5% p.a. simple interest, then how much (to nearest ₹) will she have after 5 years ? |
25,151 21,155 21,551 25,115 |
25,151 |
Principal (P) = Rs 17650 Time(T) = 5 years Rate(R) = 8.5% per annum Total int. for 5 yrs. = 8.5 × 5 = 42.5% Amount after 5 years = P × 142.5% = 17650 × 42.5% = 25151.25 = Rs 25151 (nearest) |