- Rs. 6400
- Rs. 2400
- Rs. 7000
- Rs. 3000
- None of these

Option 2 : Rs. 2400

Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest.

Rate of interest = 6% half - yearly = 12% per annum

Simple interest = Principal × Rate% × Time

⇒ 4000 × 0.12 × 5 = Rs. 2400

∴ Interest paid will be = Rs. 2400
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