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    Question

    A sum of ₹12,000 is invested at 8% per annum simple

    interest for 3 years. What will be the  interest  earned?
    A 2,880 Correct Answer Incorrect Answer
    B 1,880 Correct Answer Incorrect Answer
    C 2,080 Correct Answer Incorrect Answer
    D 3,320 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    SI = (P × R × T) / 100 = (12,000 × 8 × 3) / 100 = (12,000 × 24) / 100 = 2,880

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