Multiple choice

Eden deposited Rs. $10000$ for $4$ year at a rate of $6$% p.a. Find the interest he got.

  1. $2000$
  2. $2400$
  3. $2800$
  4. $3200$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Using simple interest, interest = principal * rate * time. Thus the interest is 10000 * 6/100 * 4 = Rs. 2400.

AI explanation

Using the simple interest formula of Simple Interest equals Principal times Rate times Time divided by 100, we calculate the interest on Rs. 10000 for 4 years at 6 percent. The interest equals 10000 times 6 times 4 divided by 100, which simplifies to Rs. 2400.

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