Find the simple interest on Rs. 2000 for 2 years at the rate of 5% per annum.

Correct option is A

Given:
Principal = Rs 2000
Time = 2 years
Rate of interest = 5%
Concept Used:
Simple interest = $$\frac{PRT}{100}$$​​
P → Principal; R → rate of interest; T → time
Solution:
Simple interest = $$\frac{2000 × 2 × 5}{100}$$​ = Rs 200