Sectional Test Quant (Q31): What is the Simple Interest earned on a principal sum of ₹11200 deposited for 2 years at an annual interest rate of 10%?

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

Options

1. (A) ₹2240
2. (B) ₹2290
3. (C) ₹2200
4. (D) ₹2340
5. (E) ₹2160

Verified Answer

Option (A): ₹2240

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