A sum of ₹2,52,500 at the rate of 4.5% per annum for a period of 2.5 years will amount to how much (in ₹) if the money is invested at simple interest?

Correct option is D

Given:

Principle = ₹2,52,500

Time =2.5 years

Rate of interest = 4.5%p.a

Formula Used:

​$$SI = \frac{P\times R\times T}{100}$$​​

Amount = Principle + Interest

Solution:

​$$SI = \frac{252500\times 4.5 \times 2.5}{100}$$​

SI = 28406.25

Amount = 252500 +28406.25 = ₹2,80,906.25