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Anu can keep her ₹ 2,400 in a piggy bank or in a bank, as shown. After 4 years, how much more money will she have if she chooses the bank?

Class 7Simple InterestComparing Quantities
  • A₹ 120
  • B₹ 2,880
  • C₹ 960
  • D₹ 480

Step-by-Step Solution

The piggy bank adds nothing. The bank pays , so she has ₹ 480 more. (₹ 2,880 is the whole amount in the bank.)
Answer: D) ₹ 480

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