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| 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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