What amount of a man would have received on a principal amount of Rs. 4500 after two year simple int

M4maths Previous Puzzles

04 Nov 2020 Simple interest

What amount of a man would have received on a principal amount of Rs. 4500 after two year simple interest @10% per annum?

OPtion

1) 4161
2) 5200
3) 4400
4) 4100
5) 5400
6) 5500
7) 5800
8) 5550
9) 6200
10)4850

Solution

Amount= Principal+Interest
SI= P x R x T/100
= 4500 x 10 x 2/100
= 900
Amount= 4500+900=5400

Correct Option: 5 Best Solution (4)