• # question_answer Shyamlal deposited Rs 2 lakh in his bank at an simple rate of interest =9% per annum. The bank owner claims that after 6 years his money will be more than $1.5$ times his original amount. He further claims that after 10 years, his money will be more 2 times the original amount. Which of the following is correct. A)  Both first and second claims are trueB)  Only first claim is trueC)  Only second claim is true.          D)  Neither of the claims is true.

(b) After 6 yrs, interest $=\frac{200000\times 9\times 6}{100}$ $=108000$ $\Rightarrow$ amount = $200000+10800-30800$ Which is greater than $1.5$ times 2 lakh. After 10 yrs. Interest $=\frac{2lakh\times 9\times 10}{100}=1.8\,\,lakh$ $\therefore$ Amount $=2+1.8=3.8$ lakh but this is less than 2 times original amount.