Abdul Hameed invested a principal amount of Rs. 200,000 at the simple interest rate of 5% per year. After two years, Abdul Hameed will have ______?
- Rs. 220,000
- Rs. 202,000
- Rs. 202,200
- None of these
Explanation
Principal = 200,000
Rate = 5% per year
Time = 2 years
Simple Interest = (P × R × T)/100
= (200,000 × 5 × 2)/100
= 20,000
Total Amount = Principal + Interest
= 200,000 + 20,000
= 220,000
Last verified on 09-02-2026
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