Kriya deposits an amount of ₹ 65800 to obtain a simple interest at the rate of 14% per annum for 4 yr. What total amount will Kriya get at the end of 4 yr?
Correct Answer: ₹ 102648
Explanation:
Here, P = ₹ 65800, R = 14% T = 4 yr
Hence, SI = (65800 x 14 x 4) / 100 =₹ 36848 ∴ Required amount = P + SI
= 65800 + 36848
= ₹ 102648
