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If P = Rs. 2000, R = 5% per annual, T = 5 year

A. Total sum of amount = Rs. 2200

B. SI = Rs. 200

C. SI = Rs. 500

D. Total sum of amount = Rs. 2500

Choose the correct answer from the potions given below:

Solution

Correct Option: 1

SI = PRT/100 = 2000 x 5 x 5 / 100 = 500. Amount = P + SI = 2000 + 500 = 2500. So statements C (SI = 500) and D (Amount = 2500) are correct.

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