Sectional Test Quant (Q1): What is the Simple Interest earned on a principal sum of ₹5200 deposited for 2 years at an annual interest rate of 10%?

Subject: Quantitative Aptitude | Topic: Simple & Compound Interest | Difficulty: EASY

Options

1. (A) ₹1040
2. (B) ₹1090
3. (C) ₹1000
4. (D) ₹1140
5. (E) ₹960

Verified Answer

Option (A): ₹1040

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