Mathematics for FinanceMTP Dec 23Question 1391 of 422
All Questions

Sachin deposited Rs.$1,00,000$ in his bank for $2$ years at simple interest of $6\%$. How much interest would he earns? How much final value of deposit

Options

ARs.$6,000$, Rs.$1,06,000$
BRs.$10,000$, Rs.$1,15,000$
CRs.$11,600$, Rs.$1,11,600$
DRs.$1200$, Rs.$1,12,000$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option dRs.$1200$, Rs.$1,12,000$

All Options:

  • ARs.$6,000$, Rs.$1,06,000$
  • BRs.$10,000$, Rs.$1,15,000$
  • CRs.$11,600$, Rs.$1,11,600$
  • DRs.$1200$, Rs.$1,12,000$

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 422 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free