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Amrita borrowed ₹ 6500 from a bank at 6% p.a. for 2 years and 6 months. The amount paid by her at the end of this period is
Question

Amrita borrowed ₹ 6500 from a bank at 6% p.a. for 2 years and 6 months. The amount paid by her at the end of this period is

A.

₹ 8000

B.

₹7450

C.

₹7500

D.

₹7475

Correct option is D

Given
Principal (P) = ₹ 6500
Rate (R) = 6% p.a.
Time (T) = 2.5 years (2 years 6 months)

Formula Used
Simple Interest (SI)  =P×R×T100= \frac{P \times R \times T}{100}​​
Amount = P + SI

Solution
SI=6500×6×2.5100 SI=65×15=975 Amount=6500+975=7475 SI = \frac{6500 \times 6 \times 2.5}{100} \\\ \\SI = 65 \times 15 = 975\\\ \\Amount = 6500 + 975 = 7475\\\ \\​​
Final Answer
So the correct answer is (d)

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