Q.

A person deposits 2,000 at 6% p.a. simple interest for 3 years. The amount he will get back after 3 years is

A. 2,300
B. 2,400
C. 2,360
D. 2350
Answer» C. 2,360
Explanation: The amount that the person will get back after 3 years is 2,000 * 6% * 3 = 360. So the total amount the person will receive after 3 years is 2,000 + 360 = 2,360
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