Multiple choice

How much interest will be earned on $Rs. 2000$ at $6$% simple interest for $2$ years?

  1. $200$
  2. $240$
  3. $260$
  4. $280$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (2000 * 6 * 2) / 100 = 240.

AI explanation

Using the Simple Interest formula, the interest earned is 2000 times 6 times 2 divided by 100. This calculation equals Rs. 240.

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