Banking Exams Quant — Question 699
Question
A person invests ₹20000 at 10% per annum for 5 years. Find simple interest.
- ₹8000
- ₹9000
- ₹10000
- ₹12000
Correct answer
C — ₹10000
Explanation (English)
SI = PRT/100 = 20000×10×5/100 = 10000
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