The interest on a certain amount at 10% for 3 years is 1200.… | Applied Mathematics - Simple Interest (problems based on basic information) – Math | Vijayee Scholarship App

Math

Applied Mathematics - Simple Interest (problems based on basic information)

MCQ

The interest on a certain amount at 10% for 3 years is 1200. What will be the total amount (Principal + Interest) at the same rate for 5 years?

A

Rs.5200

B

Rs.5400

C

Rs.5600

D

Rs.6000

Explanation

P=(1200×100)/(10×3)=4000 → SI(5th)=2000 → Amount=6000

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