alleryThe simple interest on ₹2000 at 5% per annum for 2 years is:
A₹100
B₹220
C₹200
D₹2200
Answer & Solution
Correct answer: C. ₹200
We have SI = P×R×T/100.
That is SI = 2000×5×2/100.
So SI = ₹200.
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