If you invest ₹ 5,000 at the rate of 5% p.a simple interest, how much interest will you earn after one year?

₹ 250

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₹ 100

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₹ 700

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₹ 500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

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Solution

The correct option is A
₹ 250

₹ 250

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