What will be the interest on a sum of Rs. 40,000 invested at 4% per annum at simple interest for 2 years?
1
Rs. 2,200
2
Rs. 3,200
3
Rs. 4,200
4
Rs. 5,200
5
None of these
What will be the interest on a sum of Rs. 40,000 invested at 4% per annum at simple interest for 2 years?