---
title: "What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?"  
description: "What will be the simple interest on an amount of Rs. 2000 in 3 years at interest 4% per annum?"  
author: "Aditya Patel"  
published: 2019-09-18  
canonical: https://answers.mindstick.com/qa/72345/what-will-be-the-simple-interest-on-an-amount-of-rs-2000-in-3-years-at-interest-4-per-annum  
category: "mathematics"  
tags: ["mathematical analysis", "mathematics"]  
reading_time: 1 minute  

---

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

What will be the [simple](https://yourviews.mindstick.com/audio/1317/why-ice-floats-on-water-a-simple-yet-fascinating-phenomenon) [interest](https://yourviews.mindstick.com/view/80990/understudies-take-interest-in-education-or-not) 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

## Answers

### Answer by Aditya Patel

## Answer - (b) 240

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


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Original Source: https://answers.mindstick.com/qa/72345/what-will-be-the-simple-interest-on-an-amount-of-rs-2000-in-3-years-at-interest-4-per-annum

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