a) ₹575 & ₹3085
b) ₹580 & ₹3185
c) ₹580 & ₹2085
d) ₹585 & ₹2085
correct answer is: d) ₹585 & ₹2085
Explanation
Here,
P =\ ₹1500
R =\ 12 %
T =3 years 3 months or \left(3+\frac{3}{12}\right) or \frac{13}{4} years
We know, S.I. =\frac{P\times R\times T}{100}
\therefore S.I. =₹\left(\frac{1500\times12\times13}{4\times100}\right)
\rightarrow S.I. = ₹585
\therefore Simple interest = ₹585
We also know,
Amount\ = (Principal\ +\ Simple\ Interest)
\therefore Amount =₹1500+₹585
\rightarrow Amount =₹2085
Ans: SI = ₹585 and Amount = ₹2085.