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?
A24,000
B26,000
C28,500
D28,000
Answer:
D. 28,000
Read Explanation:
200000
7% intrest of 200000 =14000
for 2 years = 2 x 14000 = 28000