What will be the annual interest (in ₹) earned on a deposit of ₹20,000 in a bank at 5% per annum simple interest?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 1000
2. (B) 1200
3. (C) 1500
4. (D) 1800

Verified Answer

Option (A): 1000

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