What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?

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Aditya Patel asked 18-Sep-2019 in Mathematics by Aditya Patel

What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?

a) Rs. 280

b) Rs.240

c) Rs.250

d) Rs. 220

1 Answer

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Aditya Patel answered 05-Oct-2019 by Aditya Patel

Answer   -   (b) 240

Explanation: Simple Interest = P×R× T/100
(2000×4×3)/100 = Rs.240