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Ms. Suchi deposits an amount of Rs. 24,000 to obtain a simple interest at the rate of 14 p.c.p.a. for 8 years. What total amount will Ms. Suchi get at the end of 8 years?

a

Rs. 62080

b

Rs. 28,000

c

Rs. 50,880

d

Rs. 26,880

e

None of these

Answer : Option C
Explanation :

S.I. = 24000×8×14100frac{{24000 imes 8 imes 14}}{{100}} = Rs. 26880

herefore Total amount = Rs. (24000 + 26880) = Rs. 50880

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