Question

Calculate the amount, if Rs. 9900 borrowed for 4 years at $16\frac{2}{3}\%$ per annum at simple interest.

• A. Rs. 15800
• B. Rs. 17400
• C. Rs. 16500
• D. Rs. 14300

Answer 1

Answer: (C)

$\mathrm{P}=\mathrm{Rs}9900;\mathrm{R}=16\frac{2}{3}\%=\frac{50}{3}\%$ p.a; Time $=$ 4 years
$\text{ S.I. }=\frac{P\times R\times T}{100}=\frac{9900\times 50\times 4}{3\times 100}=\text{ Rs. }6600$
$\text{ Amount }=\mathrm{P}+\mathrm{A}=\text{ Rs. }(9900+6600)=\text{ Rs. }16500$