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      Question

      What is the simple interest on a sum of Rs. 10,000 at a

      rate of 5% per annum for 3 years.
      A Rs.2000 Correct Answer Incorrect Answer
      B Rs.1500 Correct Answer Incorrect Answer
      C Rs.1000 Correct Answer Incorrect Answer
      D Rs. 500 Correct Answer Incorrect Answer

      Solution

      Simple interest =PRT/100 =10000Γ—5Γ—3/100 =1500.

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