1.

Vijay invests a principal amount of Rs. 300000 in a fixed deposit for 2 years.The rate at which he invests is 20% per annum. What will be the simple interest earned by him at the end of his investment tenture?1). Rs. 220002). Rs. 130003). Rs. 1200004). Rs. 15600

Answer»

<P>PRINCIPAL = 300000

Rate = 20%

Time = 3 years

SI = (P × R × T ) / 100 = (300000 × 20 × 2 ) / 100 = 120000



Discussion

No Comment Found

Related InterviewSolutions