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Multiple Choice Question

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

  • A
    ₹100
  • B
    ₹200
  • C
    ₹300
  • D
    ₹400
Explanation:
Simple interest is calculated using SI = (P x R x T) / 100

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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