Latha deposited an amount of ₹35,000 in a bank with simple interest 11% per annum. How much interest will she earn after one year?
Answer & explanation
Correct answer: option 3
Formula Used
SI= \(\frac{P x R x T }{100}\)
= \(\frac{35000 x 11 x 1 }{100}\)
= Rs. 3850/-