BANK EPFO SSA Mock Test 2023 Quantitative Aptitude Interest Simple Interest

Rani borrowed an amount of ₹2,00,000 from the bank to start a business. How much simple interest will she pay at the rate of 7% per annum after 2 years?

1
₹24,000
2
₹26,000
3
₹28,500
4
₹28,000
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