Simple interest on a principal of Rs. 5,000 at the rate of 20% for 4 years is__

Rs. 1,000

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Rs. 2,000

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Rs. 3,000

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Rs. 4,000

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Solution

The correct option is D Rs. 4,000
(5000 $\times$ 20 $\times$ 4) /100 = Rs. 4000

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Simple interest on a principal of Rs. 5,000 at the rate of 20% for 4 years is__

The correct option is D Rs. 4,000(5000 × 20 × 4) /100 = Rs. 4000

The correct option is D Rs. 4,000
(5000 $\times$ 20 $\times$ 4) /100 = Rs. 4000