Mathematics · Simple Interest
Manjit has borrowed an amount of ₹2,20,000 from a bank to start a business. How much simple interest (in ₹) will he pay at a rate of 4% per annum after 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 117,600✓
- 218,600
- 316,600
- 42,37,600
Correct answer
17,600
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