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Question

SIMPLE INTEREST :

 

Ms. Sandhya deposits an amount of Rs 31,400 to obtain a simple interest at the rate of 12 per cent per annum for 8 years. What total amount will Ms. Sandhya get at the end of 8 years?

  • Rs. 31,144

  • Rs. 61,544

  • Rs. 41,544

  • Rs. 30,144

  • None of these

Answer- B

Principal = 31400

Interest = 30144

Total amount = 31400 + 30144 = 61544