Mohan invests an amount of Rs 9560 @ 4 p.c.p.a. for 2 years. What approximate amount will he obtain at the end of two years?

Options

A. Rs. 10,340
B. Rs. 12 .820
C. Rs. 11,430
D. Rs. 9 ,820

Answer

To solve the problem of how much Mohan will obtain at the end of 2 years after investing Rs 9560 at an interest rate of 4% per annum, we will follow these steps:

### Step-by-Step Solution:

1. **Identify the Given Values:**
- Principal (P) = Rs 9560
- Rate of Interest (R) = 4% per annum
- Time (T) = 2 years

2. **Calculate the Simple Interest (SI):**
The formula for Simple Interest is:
\[ SI = \frac{P \times R \times T}{100} \]
Substituting the values:
\[ SI = \frac{9560 \times 4 \times 2}{100} \]

3. **Perform the Multiplication:**
Calculate the numerator:
\[ 9560 \times 4 = 38240 \]
Then multiply by 2:
\[ 38240 \times 2 = 76480 \]

4. **Divide by 100 to find SI:**
\[ SI = \frac{76480}{100} = 764.8 \]

5. **Calculate the Total Amount (A):**
The total amount at the end of 2 years is given by:
\[ A = P + SI \]
Substituting the values:
\[ A = 9560 + 764.8 = 10324.8 \]

6. **Round the Amount to the Nearest Whole Number:**
Since the question asks for the approximate amount:
\[ A \approx 10325 \]

### Final Answer:
Mohan will obtain approximately Rs 10,325 at the end of 2 years.

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