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A shopkeeper lends at per annum simple interest for years. What is the total amount he will receive at the end of the period?

  1. A
    ₹ 7,440
  2. B
    ₹ 7,400
  3. C
    ₹ 1,567
  4. D
    ₹ 6,000

Solution & Step-by-step Explanation

First, calculate the Simple Interest ():




Now, find the total amount ():



Practice this question

Try it yourself before checking the explanation above.

A shopkeeper lends at per annum simple interest for years. What is the total amount he will receive at the end of the period?
A
₹ 7,440
B
₹ 7,400
C
₹ 1,567
D
₹ 6,000

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A shopkeeper lends ₹ 6,000 at 12\% per annum simple interest for 2 years. What is the total amount he will receive at the end of the period? - Quantitative Aptitude MCQ Competitive Exam 2026 | ExamTest.live | ExamTest.live