Correct Answer - Option 4 : Rs. 14,500
Given:
Principal (P) = Rs. 10,000
Rate (R) = 15%
Time (T) = 3 years.
Formula Used:
S.I. = (P × R × T)/100
A = P + S.I.
Where,
S.I. → Simple Interest
P → Principal
R → Rate
T → Time
A → Amount
Calculations:
According to the question,
S.I. = (10000 × 15 × 3)/100
⇒ S.I. = 100 × 15 × 3 = Rs. 4,500
So, Amount = P + S.I.
⇒ Amount = 10000 + 4500 = Rs. 14,500
∴ The amount to be paid back is Rs. 14,500.