Dhanloot bank is running an offer for its customer. On the date 03-08-2020, any amount which is fixed deposited for 3 years would earn a interest rate of 8%. What would be the simple interest earned by a customer who books fixed deposit on 03-08-2020 on an amount of Rs. 2020 for a period of 3 years?

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03 Aug 2020 Simple Interest Dhanloot bank is running an offer for its customer. On the date 03-08-2020, any amount which is fixed deposited for 3 years would earn a interest rate of 8%. What would be the simple interest earned by a customer who books fixed deposit on 03-08-2020 on an amount of Rs. 2020 for a period of 3 years?: OPtion
1) 484.8
2) 2504.8
3) 2514.8
4) 2524.8
5) 2534.8
6) 2544.8
7) 2554.8
8) 404.8
9) 488.8
10) None of these; Correct Option: 1 Best Solution (3)