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Standard VIII

Mathematics

Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

Four alternat...

Question

Four alternative options are given for each of the following statements.

Select the correct option.

The simple interest on Rs 5,000 at 2% per month for 3 months is:

A. Rs 100

B. Rs 200

C. Rs 300

D. Rs 400

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Solution

Correct Option: C

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Four alternative options are given for each of the following statements. Select the correct option. The simple interest on Rs 5,000 at 2% per month for 3 months is: A. Rs 100 B. Rs 200 C. Rs 300 D. Rs 400

Correct Option: C

Four alternative options are given for each of the following statements.

Select the correct option.

The simple interest on Rs 5,000 at 2% per month for 3 months is:

A. Rs 100

B. Rs 200

C. Rs 300

D. Rs 400