David has borrowed an amount of ₹440000 from a bank to start a business. How much simple interest (in ₹) will he pay at a rate of 6% per annum after 2 years?

The correct option is 52800.

To find the simple interest that David will pay, we use the standard simple interest formula:

$$\mathrm{Simple\; Interest\; (SI)}=\frac{P\times R\times T}{100}$$

Here, the given values are:
• Principal amount, P = ₹440000 (the amount borrowed)
• Rate of interest, R = 6% per annum
• Time period, T = 2 years

Substituting these values into the formula:

$$\mathrm{SI}=\frac{440000\times 6\times 2}{100}$$

First, simplify the fraction by canceling the common terms (dividing 440000 by 100):

$$\mathrm{SI}=4400\times 6\times 2$$

Next, multiply the numbers:

$$\mathrm{SI}=4400\times 12$$

$$\mathrm{SI}=52800$$

Therefore, the simple interest David will pay after 2 years is ₹52800.