Correct Answer - Option 2 : Rs. 13260
Given:
Principal = Rs. 13,000
Time = 1 year
Rate of interest = 2%
Formula used:
S.I = PRT/100
Calculation:
S.I = (Rs. 13000 × 1 × 2)/100
⇒ Rs. 260
Amount = Principal + S.I
⇒ Rs. 13,000 + Rs. 260
⇒ Rs. 13,260
∴ The required amount is Rs. 13,260