How much amount would a person receive if he invests a sum of Rs. 12500 at the rate of 6.5% of simple interest for 12 years in a bank. Please note that bank levies a charge of Rs. 175 on every fixed deposit.

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05 Aug 2019 Simple Interest How much amount would a person receive if he invests a sum of Rs. 12500 at the rate of 6.5% of simple interest for 12 years in a bank. Please note that bank levies a charge of Rs. 175 on every fixed deposit.: OPtion
1) 22250
2) 22075
3) 21075
4) 20075
5) 22025
6) 22275
7) 22225
8) 21025
9) 20175
10) None of these; Correct Option: 2 Best Solution (2)