Question

Amit deposited Rs. 1200 to a bank at 9% interest p.a. Find the total interest that he will get at the end of 3 years.

• A. Rs. 324
• B. Rs. 296
• C. Rs. 326
• D. Rs. 300

Hint:

Profit is maximized when marginal cost equals marginal revenue.

Answer 1

The Correct Option is A

The formula for simple interest is:
\[SI = \frac{P \times R \times T}{100}\]
Applying the given values:
\[SI = \frac{1200 \times 9 \times 3}{100} = \frac{32400}{100} = 324\]