Maths · Arithmetic and Geometric progressions
Ms. Kyle deposits an amount of Rs. 15400 to obtain a simple interest at the rate
Ms. Kyle deposits an amount of Rs. 15400 to obtain a simple interest at the rate of \( 12.5 \% \) for 4 years. What total amount will Ms. Kyle get at the end of 4 years?
- A. 13100
- B. 23100
- C. 33100
- D. 43100
Step-by-step solution
Simple Interest = (15400 × 12.5 × 4)/100 = 7700. Total amount = Principal + Interest = 15400 + 7700 = 23100.
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