Alok deposits Rs.5000 in his bank account for 5 years to earn an interest of 12%. What amount will he get after 5 years ?
A . Rs 2000
B . Rs 3000
C . Rs 8300
D . Rs 8000
Answer : D . 8000
Explanation:
P = 5000 ; N = 5 ; R = 12
Simple Interest = PNR / 100
= 5000 * 5 * 12 / 100
S.I = 3000 amount
After 5 yrs = Principle + S.I
= 5000 + 3000
= 8000
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