Question

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

• A. $S.I=Rs.1440.$
• B. $S.I=Rs.1000.$
• C. $S.I=Rs.1040.$
• D. $S.I=Rs.1044.$

Answer 1

The correct option is A $S.I=Rs.1440.$

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

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

$S.I=Rs.1440.$