Mathematics · Simple Interest
Calculate the simple interest if the principal amount is 50,000, the rate of interest is 2% per annum, and the time duration is 4 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 12,000
- 240,000
- 3400
- 44,000✓
Correct answer
4,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Mathematics?
Practice full-length Mathematics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple Interest MCQs →Want more practice questions on Simple Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple Interest