Q15 of 140 Page 196

Amount received on Rs 3000 for 2 years at the rate of 11% per annum is

Given, principal = 3000


Time = 2 years and Rate = 11%


Need to find out the amount


⇒ we know that amount(A) = P + I


⇒ We know that Interest =


=


= 660


⇒ Amount = 660 + 3000


= 3660


⇒ Option A is incorrect as 2340 ≠ 3660


⇒ Option B is correct as 3660 = 3660


⇒ Option C is incorrect as 4320 ≠ 3660


⇒ Option D is incorrect as 3330 ≠ 3660


Hence, option B is the correct one.

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