A man has invested ₹50,500 at a rate of 6% per annum simple interest for 2 years. Find the amount (in ₹) that he will receive after 2 years.
A man has invested ₹50,500 at a rate of 6% per annum simple interest for 2 years. Find the amount (in ₹) that he will receive after 2 years.
एक व्यक्ति ने ₹50,500 को 6% वार्षिक साधारण ब्याज की दर से 2 वर्षों के लिए निवेश किया। 2 वर्षों के बाद उसे कुल कितनी राशि (₹ में) प्राप्त होगी?
Detailed Solution & Logic
Correct Answer:
56,560
Given:
Principal (P) = ₹50,500
Rate (R) = 6% per annum
Time (T) = 2 years
Simple Interest = $\frac{P \times R \times T}{100}$
= $\frac{50500 \times 6 \times 2}{100}$
= $\frac{50500 \times 12}{100}$
= 50500 × 0.12 = ₹6060
Amount = Principal + Interest
= 50500 + 6060
= ₹56,560
Final Answer:
₹56,560
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