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Application of Simple Interest in Real Life Situations

David takes a...

Question

David takes a loan of Rs 2000 for one year at 12% per year as rate of interest. He has to pay Rs _____ at the end of one year.

A

240

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B

2240

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C

2012

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D

12

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Solution

The correct option is B
2240

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Application of Simple Interest in Real Life Situations

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