Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsSimple and Compound Interest
Ali deposits an amount of Rs. 65800 to obtain simple interest at the rate of 14% per annum for 4 years. What total amount will Ali get at the end of 4 years?
- A.Rs. 104648
- B.Rs. 103648
- C.Rs. 101648
- D.Rs. 102648Correct answer
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Practice these MCQs in the appQuick fact: The total amount Ali receives is Rs. 102648.