2300 is invested for 4 years

Rs 2300 are invested for 3 years in a scheme of simple interest at a rate of 12% per annum. What is the amount obtained (in Rs) after 3 years?

1. 3128
2. 3456
3. 3724
4. 2950

Answer

Option 1 : 3128

2300 is invested for 4 years