Question 71

What is the simple interest on a principal of ₹24,000 for 4 years at the rate of 5% per annum?

Solution

SI= $$P\times\ R\times\ T\ \frac{\ 100}{ }$$

$$2400\times\ 4\times\ 5\ \frac{\ 100}{ }$$

$$960\times\ 5=4800$$

Hence, option A is the correct answer.

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