Q.What will be the total amount of 450 rupees after 3 years at an annual simple interest rate of 4%? (a) ₹ 135 (b) ₹ 180 (c) ₹ 504 (d) ₹ 600
Answer: C
Principal amount \((p)= 450\) rupees
Time \((t)=3\) years
Rate of interest \((r)=4\%\)

\(\therefore\) Interest amount \((I) =\cfrac{ptr}{100} \)

\(=\cfrac{\cancel{450}9\times 3\times\cancel{4}2}{\cancel{100}\cancel2} \)

\(=54\) rupees


\(\therefore\) Total amount = (450+54) rupees = 504 rupees.
Similar Questions