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Question

You deposit <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> ₹4000 in a bank account at 9% simple interest per year. How much interest would you have earned after 4 years?


A

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> ₹1540

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B

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> ₹1450

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C

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> ₹2440

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D

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> ₹1440

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Solution

The correct option is D

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> ₹1440



S.I=P×T×R100

S.I=4000×4×9100

S.I=1440.


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