A Government advance of ₹40,000 carries simple interest at 6% per annum for 2 years The interest payable is:

Type: MCQ • Marks: 1

A. 2400

B. 4800

C. 5200

D. 6000

Explanation

SI = 40,000 × 6 × 2 / 100 = ₹4,800.

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UPSC Principal & Vice Principal Management Finance Administration

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