state gov WBPSC Clerkship Mock Test 2023 - 24 Quantitative Aptitude Interest Simple Interest

What is the simple interest on a principal of Rs. 24,000 for 4 years at the rate of 5% per annum?

1
Rs. 4,800
2
Rs. 3,600
3
Rs. 5,600
4
Rs. 5,000
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