1.

If a sum of ₹3000 is lent out at 3% per annum for 20 years under simple interest, then the amount at the end of 20th year is(a) ₹1800(b) ₹1080(c) ₹3600(d) ₹4800

Answer» If a sum of ₹3000 is lent out at 3% per annum for 20 years under simple interest, then the amount at the end of 20th year is



(a) ₹1800

(b) ₹1080

(c) ₹3600

(d) ₹4800


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