Latha deposited an amount of Rs.35,000 in a bank with simple interest 11% per annum. How much interest will she earn after one year?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e Rs.3,850
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Understanding Tricks |
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Application Simple Interest = (Principal × Rate × Time) /100 So = 35000 × 11 × 1/100 = 350 × 11 = 3850 |