If you deposit ₹6,000 in a bank with 4% per year simple interest for 7 years then the simple interest received will be:

Correct option is C

Given:

Principal (P) = ₹6,000

Rate of Interest (R) = 4% per annum

Time (T) = 7 years

Formula Used:

The formula for simple interest (SI) is:

SI= $$\frac{P \times R \times T}{100}$$​​

Solution:

SI = $$\frac{6000 \times 4 \times 7}{100}$$​​

SI =$$\frac{168000}{100} = 1680$$

Option (C) is right.