Sectional Test Quant (Q3): What is the Simple Interest earned on a principal sum of ₹5600 deposited for 2 years at an annual interest rate of 10%?

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

Options

1. (A) ₹1120
2. (B) ₹1170
3. (C) ₹1080
4. (D) ₹1220
5. (E) ₹1040

Verified Answer

Option (A): ₹1120

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