Priyanka has Rs. $1, 000$ in a savings account that earns $5$ % interest per year. The interest is not compounded. How much interest will he earn in $4$ years?

200

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300

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400

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500

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Solution

The correct option is A $200$
Interest $= \frac{1000 \times 5 \times 4}{100}$
$=$ Rs $200$

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