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  9. Q525

RRB Group D (Level-1 posts) 2022 · Question 525 of 598

Rani borrowed an amount of ₹2,00,000 from the bank to start a business. How much simple interest will she pay at the rate of 7% per annum after 2 years?

  1. A₹24,000
  2. B₹26,000
  3. C₹28,500
  4. D₹28,000Correct

Answer: D. ₹28,000

Explanation

Using the formula for simple interest SI = P ×R×T 100 , the interest after 2 years is ₹28,000.

Source: RRB Group D 2022 Prev. Yr. Paper (22 Aug 2022) (Shift 1) - FreshersNow · reliable-secondary

← Q524View full paper (598 questions)Q526 →

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