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Kiran has ₹ 20,000 to deposit. The boards of two banks are shown. Which bank gives her more interest, and by how much?

Class 7Simple InterestComparing Quantities

ABank B, by ₹ 600
BBank B, by ₹ 300
CBank A, by ₹ 600
DBoth give the same

Step-by-Step Solution

Bank A:

\frac{20000 \times 6 \times 3}{100} = ₹ 3, 600

. Bank B:

\frac{20000 \times 7.5 \times 2}{100} = ₹ 3, 000

. Bank A gives ₹ 600 more, although its rate is lower.

Answer: C) Bank A, by ₹ 600

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