What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?
A. Rs. 15,187.50
B. Rs. 16,875.00
C. Rs. 16,875.50
D. Rs. 16,785.00
Answer:B
What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?
A. Rs. 15,187.50 B. Rs. 16,875.00 C. Rs. 16,875.50 D. Rs. 16,785.00