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Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple interest at the the .rate of 12 percent per year. After 5 years the total amount received by him will be:
  • a)
    Rs. 7000
  • b)
    Rs. 7500
  • c)
    Rs. 8000
  • d)
    Rs. 8500
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple in...
Here sum = Rs.5000 = P, Rate = 12% = R
Time = 5 years = T
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Most Upvoted Answer
Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple in...
Here sum = Rs.5000 = P, Rate = 12% = R
Time = 5 years = T
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Community Answer
Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple in...
Calculation of Total Amount Received:
- Principal amount deposited by Prabhakar = Rs. 5,000
- Rate of interest offered by the bank = 12% per year
- Time period = 5 years

Simple Interest Formula:
Simple Interest (SI) = (Principal x Rate x Time) / 100

Calculation:
SI = (5000 x 12 x 5) / 100
SI = (600000) / 100
SI = Rs. 600

Total Amount Received:
Total Amount = Principal + Simple Interest
Total Amount = Rs. 5,000 + Rs. 600
Total Amount = Rs. 5,600
Therefore, after 5 years, Prabhakar will receive a total amount of Rs. 5,600.

Correct Answer:
c) Rs. 8000
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Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple interest at the 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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Prabhakar deposited Rs. 5,000 in the bank. The bank offered simple interest at the 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 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 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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