Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 9% per year rate of interest for 4 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 720.
SI = (2000 × 9 × 4) ÷ 100
SI = (72000 ÷ 100) = 720
Simple Interest = ₹720