Find the simple interest when:
Principal = ₹ 12000, rate = 10 % p.a. and time = 1 year.

₹ 1200

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₹ 1000

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₹ 960

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₹ 940

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Solution

The correct option is C ₹ 960

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Find the Principal.

Simple interest = Rs. 625; time = 5 years; rate of interest = 10% p.a

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