Q. A person deposits ₹6000 in a bank at 5% simple interest for 4 years. What will be the maturity amount?
✅ Correct Answer: (B)
₹7200
Explanation: SI = (6000 × 5 × 4) / 100 = 1200; amount = 6000 + 1200 = 7200.
Explanation by: Mr. Dubey
SI = (6000 × 5 × 4) / 100 = 1200; amount = 6000 + 1200 = 7200.