Sectional Test Quant (Q25): What is the Simple Interest earned on a principal sum of ₹10000 deposited for 2 years at an annual interest rate of 10%?

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

Options

1. (A) ₹2000
2. (B) ₹2050
3. (C) ₹1960
4. (D) ₹2100
5. (E) ₹1920

Verified Answer

Option (A): ₹2000

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