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If ₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. what amount is returned by the bank?
  • a)
    ₹18,560
  • b)
    ₹18,650
  • c)
    ₹5,760
  • d)
    ₹19,694
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
If ₹12,800 is invested in a bank for 5 years at the rate of 9% per ann...
Given:
₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. 
Concept used:
Simple Interest, SI = (P × R × T)/100
Amount = P + SI
where
P = Principal amount
R = Rate of interest per year
T = Time in years
Calculation:
The amount becomes after 5 years
⇒ 12800 + (12800 × 5 × 9)/100
⇒ 12800 + 5760
⇒ Rs. 18,560
∴ The amount returned by the bank is 
Rs. 18,
560.
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If ₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. what amount is returned by the bank?a)₹18,560b)₹18,650c)₹5,760d)₹19,694Correct answer is option 'A'. Can you explain this answer?
Question Description
If ₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. what amount is returned by the bank?a)₹18,560b)₹18,650c)₹5,760d)₹19,694Correct answer is option 'A'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about If ₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. what amount is returned by the bank?a)₹18,560b)₹18,650c)₹5,760d)₹19,694Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If ₹12,800 is invested in a bank for 5 years at the rate of 9% per annum simple interest. what amount is returned by the bank?a)₹18,560b)₹18,650c)₹5,760d)₹19,694Correct answer is option 'A'. Can you explain this answer?.
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