How much will a sum of Rs. 120007 deposited at a rate of 9% per annum (simple interest) for 13 years amount to? Options: A . &nbspRs. 14040 B . &nbspRs. 20650 C . &nbspRs. 13404 D . &nbspRs. 27800 E . &nbspRs. 26040

How much will a sum of Rs. 120007 deposited at a rate of 9% per annum (simple i

Question

How much will a sum of Rs. 120007 deposited at a rate of 9% per annum (simple interest) for 13 years amount to?

Answer: Option E

S.I. = (12000 * 9 * 13)/100

= Rs.14040

Amount = 12000+14040

= Rs. 26040

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