- Rs. 240
- Rs. 200
- Rs. 480
- Rs. 100

Option 3 : Rs. 480

**Given:**

Principal = Rs. 4000

Rate = 3% per annum

Time = 4 years

**Formula used:**

Simple interest = (Principal × Rate × Time)/100

**Calculation:**

Simple interest = (4000 × 3 × 4)/100

= Rs. 480
India’s **#1 Learning** Platform

Start Complete Exam Preparation

Daily Live MasterClasses

Practice Question Bank

Mock Tests & Quizzes

Trusted by 2,19,34,981+ Students

Testbook Edu Solutions Pvt. Ltd.

1st & 2nd Floor, Zion Building,

Plot No. 273, Sector 10, Kharghar,

Navi Mumbai - 410210

[email protected]
Plot No. 273, Sector 10, Kharghar,

Navi Mumbai - 410210

Toll Free:1800 833 0800

Office Hours: 10 AM to 7 PM (all 7 days)