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

₹1440

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₹1540

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₹1450

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹2440

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Solution

The correct option is A
₹1440

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

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

$S . I = ₹ 1440.$

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

The correct option is A ₹1440 S.I=P×T×R100 S.I=4000×4×9100 S.I=₹1440.

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

The correct option is A
₹1440

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

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

$S . I = ₹ 1440.$