Correct Answer - Option 1 : Rs. 6695

**Given:**

Principal = Rs. 6500

Rate of interest = 3% pa

Time period = 12 months

**Formula used:**

A = P[(1 + r/100)]^{n}

A = amount

P = principal

r = rate of interest

n = time period

**Calculation:**

A = P[(1 + r/100)]^{1}

⇒ 6500[(1 + 3/100)]

⇒ 6500(103/100)

⇒ 65 × 103

⇒ Rs.6695.

⇒ Amount = Rs.6695.

**∴ He will get Rs. 6695 at the end of 12 months.**