Sectional Test Quant (Q27): What is the Simple Interest earned on a principal sum of ₹10400 deposited for 2 years at an annual interest rate of 10%?

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

Options

1. (A) ₹2080
2. (B) ₹2130
3. (C) ₹2040
4. (D) ₹2180
5. (E) ₹2000

Verified Answer

Option (A): ₹2080

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