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Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple interest at the rate of 12 percent per year. After 5 years the total amount received by him will be:a)Rs. 7000b)Rs. 7500c)Rs. 8000d)Rs. 8500Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple interest at the rate of 12 percent per year. After 5 years the total amount received by him will be:a)Rs. 7000b)Rs. 7500c)Rs. 8000d)Rs. 8500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple interest at the rate of 12 percent per year. After 5 years the total amount received by him will be:a)Rs. 7000b)Rs. 7500c)Rs. 8000d)Rs. 8500Correct answer is option 'C'. Can you explain this answer?.

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