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Simple Interest

What is the s...

Question

What is the simple interest earned on a sum of ₹ 2000 at an interest rate of 5 % per annum for a period of 1 year?

A

₹ 200

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B

₹ 1200

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C

₹ 120

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D

₹ 60

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Solution

The correct option is C ₹ 120

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