BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Find the S.I. and the total amount for a principal of Rs. 3300 for 6 years at 31/2 % rate of interest.
A
693, 3993
B
694, 3995
C
664, 3998
D
658, 3965
Explanation: 

Detailed explanation-1: -Let’s understand the workings of the simple interest calculator with an example. The principal amount is Rs 10, 000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as: A = 10, 000 (1+0.1*6) = Rs 16, 000.

Detailed explanation-2: -Hence, the rate of interest is 6%.

There is 1 question to complete.