Difficulty: Easy
Correct Answer: ₹ 102648
Explanation:
Introduction / Context:
Find the maturity (amount) under simple interest by adding principal and interest earned over the time period.
Given Data / Assumptions:
Concept / Approach:
Interest I = P * r * t. Amount A = P + I.
Step-by-Step Solution:
I = 65800 * 0.14 * 4 = 65800 * 0.56 = 36848A = P + I = 65800 + 36848 = 102648
Verification / Alternative check:
14% of 65,800 is 9,212 per year; over 4 years → 36,848; add principal to confirm.
Why Other Options Are Wrong:
Other totals assume different rates or time.
Common Pitfalls:
Using compound interest or rounding yearly interest prematurely.
Final Answer:
₹ 102648
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