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Question

P=Rs. 10,000, I=Rs. 2,500, R=12.5% simple interest. The number of years T will be.

A
1.5 years
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B
2 years
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C
3 years
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D
None of the above
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Solution

The correct option is A 2 years
I=2500
R=12.5%
P=10000
I=P×R×T100
2500=10000×12.5×T100
T=250012.5×100=2years

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