Question

Mr. Ram invests an amount of रु 12,200 at the rate of 2% per annum for 4 years to obtain a simple interest. later he invests the principal amount as well as the amount obtained as simple interest for another 4 years at the same rate of interest. What amount of simple interest will be get at the end of the last 4 years?

• A. 1,054.08
• B. 1,054.00
• C. 1,056.07
• D. 1,055.08

Answer 1

Answer: (A)