Correct option is A
Given:
- Principal (P) = ₹2,00,000
- Rate of Interest (R) = 11% per annum
- Time (T) = 2 years
Concept Used:
Simple Interest (SI) is calculated using the formula:
SI =
Solution:
Substituting the given values into the formula:
The simple interest Ramesh will pay after 2 years is ₹44,000.