Question

You deposit ₹4000 in a bank account at $9\%$ simple interest per year. How much interest would you have earned after 4 years?

• A. ₹1440
• B. ₹1540
• C. ₹1450
• D. ₹2440

Answer 1

The correct option is A

₹1440

$S.I=\frac{P\times T\times R}{100}$

$S.I=\frac{4000\times 4\times 9}{100}$

$S.I=₹1440.$