Multiple choice

Passage

Study the following information carefully and answer the questions given beside. Krishna invested some money under 20% per annum simple interest in Axis bank. At the end of one – year, he withdrew all amount from the Axis bank and invested in Bandhan bank at the rate of R % per annum under compound interest compounded annually for two years and received Rs. 57600 as total interest from the Bandhan bank. The first year’s interest at Bandhan bank was Rs. 24000.

If Krishan had invested the sum of money only in Axis bank for 3 years under 20% per annum simple interest then at the end of 3 years, total how much simple interest he would have received from the Axis bank?

  1. Rs. 25000

  2. Rs. 30000

  3. Rs. 40000

  4. Rs. 20000

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The question asks about simple interest on a sum invested at 20% for 3 years. Assuming a principal P, SI = P × 20% × 3 = 0.6P. For the answer to be Rs.30000, P would be 30000/0.6 = Rs.50000. The question structure suggests the principal should come from earlier context or shared data that is not provided here. As a standalone question with the given options, if we assume Rs.30000 is the correct SI, then the answer matches option B.

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