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Discussion :: IBPS BANK EXAM TEST 9

  1. How much will a sum of Rs. 120007 deposited at a rate of 9% per annum (simple interest) for 13 years amount to?
    2. A.
    Rs. 14040
    B.

    Rs. 20650
    C.

    Rs. 13404
    D.

    Rs. 27800
    E.

    Rs. 26040

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    Answer : Option E

    Explanation :

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

    = Rs.14040

    Amount = 12000+14040

    = Rs. 26040

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