Question

Eden deposited Rs. $10000$ for $4$ year at a rate of $6$% p.a. Find the interest he got.

• A. $1200$
• B. $3600$
• C. $2400$
• D. $2000$

Answer 1

The correct option is C $2400$

Simple interest, $I=$ $\frac{PRT}{100}$
Where, $P=$ principal $=10000$
$R=$ rate $6\%$
$T=$ time period $=4$ years
$I=$ $\frac{10000\times 4\times 6}{100}$
$I=$ Rs. $2400$