Mathematics · Simple Interest
Kavita has deposited Rs. 4000 with the bank for two years at 6.25% simple interest per annum. What will be the total amount that Kavita will receive at the end of the two-year term?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4475
- 2Rs. 4400
- 3Rs. 4625
- 4Rs. 4500✓
Correct answer
Rs. 4500
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