Sectional Test Quant (Q35): What is the Simple Interest earned on a principal sum of ₹12000 deposited for 2 years at an annual interest rate of 10%?

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

Options

1. (A) ₹2400
2. (B) ₹2450
3. (C) ₹2360
4. (D) ₹2500
5. (E) ₹2320

Verified Answer

Option (A): ₹2400

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