Q. What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?
A) Rs. 16,875.00
B) Rs. 15,187.50
C) Rs. 16,785.00
D) Rs. 16,875.50
✔ Correct Answer: Rs. 16,875.00
Exam Insight
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A) Rs. 16,875.00
B) Rs. 15,187.50
C) Rs. 16,785.00
D) Rs. 16,875.50
✔ Correct Answer: Rs. 16,875.00
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