Mathematics · Interest

Rakesh borrowed ₹2,60,000 from a bank to start a business. How much simple interest (in ₹) will he pay at a rate of 5% per annum after 2 years?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

126,000✓
225,000
32,70,000
42,86,000

Correct answer

26,000

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Rakesh borrowed ₹2,60,000 from a bank to start a business. How much simple interest (in ₹) will he pay at a rate of 5% per annum after 2 years?

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Rakesh borrowed ₹2,60,000 from a bank to start a business. How much simple interest (in ₹) will he pay at a rate of 5% per annum after 2 years?

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