Q. A sum gives Rs. 240 as simple interest in 2 years at 6% per year. What fraction of the principal is the interest?

  • (A) 3/100
  • (B) 6/100
  • (C) 12/100
  • (D) 24/100
βœ… Correct Answer: (C) 12/100
Explanation: Total interest percent = 6×2 = 12%, i.e., 12/100 of principal.
Explanation by: Mr. Dubey
Total interest percent = 6×2 = 12%, i.e., 12/100 of principal.

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