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

CA Foundation · Quantitative Aptitude · MTP · September 2024
Sachin deposited ₹ 1,00,000 in his bank for 2 years at simple interest of 6%. How much interest would be he earns? How much final value of deposit
(A) A. ₹6,000, ₹ 1,06,000
(B) B. ₹15,000, ₹ 1,15,000
(C) C. ₹ 11,600, ₹ 1,11,600
(D) D. ₹ 12,000, ₹ 1,12,000

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. ₹ 12,000, ₹ 1,12,000

Topics: Part-A: Business Mathematics

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