Kriya deposits Rs. 65,800 to obtain simple interest at a rate of 14% per annum for 4 years. What total amount will Kriya have at the end of 4 years?
Q1. Kriya deposits Rs. 65,800 to obtain simple interest at a rate of 14% per annum for 4 years. What total amount will Kriya have at the end of 4 years?
Answer: Rs. 102,648
Explanation: Simple interest = 65800 × 14/100 × 4 = Rs. 36,848; total amount = 65800 + 36848 = Rs. 102,648.