Question Details

Detailed explanation and options for the selected question.

A sum of Rs. 2000 is invested at simple interest for 3 years at 5% per annum. What is the interest earned?

A. Rs. 300

B. Rs. 250

C. Rs. 200

D. Rs. 350

Explanation:

Simple interest = Principal × Rate × Time, so 2000×0.05×3 = Rs. 300.