How much amount would a person receive at maturity if he invests a sum of Rs. 1947 at the rate of 10

M4maths Previous Puzzles

02 Oct 2019 Simple Interest

How much amount would a person receive at maturity if he invests a sum of Rs. 1947 at the rate of 10% of simple interest for 2 years in a bank.

OPtion

1) 389.40
2) 398.40
3) 389.04
4) 2,386.40
5) 2,363.40
6) 2,336.40
7) 2,336.04
8) 2,236.40
9) 309.40
10) None of these

Solution

SI = PRT/100 = 1947*2*10/100 = 389.40
A = 389.40 + 1947 = 2,336.40

Correct Option: 6 Best Solution (4)