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What will be the simple interest and amount when Principal = Rs 2650, rate = 8% p.a. and time = $212$ years?

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Rs. 530, Rs. 3180

Rs. 650, Rs. 3300

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Rs. 600, Rs. 3250

answer is A.

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Detailed Solution

We are given that, P

, R

and T

years.
We have,
simple interest

= P × R × T 100

, where P=principal, R=rate and T=time.
Amount = Principal + simple interest.
Determining S.I.,

212

Determining amount,

Hence, the value of simple interest is

and the value of amount is

= P × R × T 100

.
Therefore, the correct option is 1.

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