A) 100
B) 220 ✓
C) 200
D) 210
Solution:
Principal = Rs.500
Time = 4 years
Rate of interest = 11%
Formula :
Where P = Principal
T= time
R = rate of interest
Substitute the values in the formula :
SI = 220
Hence the amount of interest the has to pay back in addition to the principle amount is Rs.220