Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsSimple and Compound Interest
Kriya deposits an amount of Rs. 65,800 to obtain a simple interest at the rate of $14\%$ per annum for four years. What is the total amount she will receive at the end of the period?
- A.Rs. 1,06,248
- B.Rs. 1,12,648
- C.Rs. 92,648
- D.Rs. 1,02,648Correct answer
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Practice these MCQs in the appQuick fact: The total amount Kriya will receive is Rs. 1,02,648.