Question

Rs.10000 is invested for 4 years and nine months at 10% simple interest. The interest amount at the end of the period is

• A. Rs.4750
• B. Rs.4160
• C. Rs.4760
• D. Rs.4260

Answer 1

The Correct Option is A

Simple Interest formula is: \[ I = \frac{P \times R \times T}{100} \] where \( P = 10000 \), \( R = 10% \), and \( T = 4 \, years + \frac{9}{12} \, years = 4.75 \, years. \) 
Substitute the values in the formula: \[ I = \frac{10000 \times 10 \times 4.75}{100} = 4750 \] For simple interest, use the formula \( I = \frac{P \times R \times T}{100} \). 
Ensure the time is in years.