Rs. 3500 are invested for 3 years in a scheme of simple interest at a – McqOptions

MCQOPTIONS

1.	Rs. 3500 are invested for 3 years in a scheme of simple interest at a rate of 16% per annum. What will be the amount (in Rs.) obtained after 3 years?
A.	5050
B.	7200
C.	5180
D.	4500
Answer» D. 4500

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