A sum of Rs 12,500 is lent at 8% simple interest for 2 years. Interest earned?
- Rs 1,600
- Rs 2,500
- Rs 2,000
- Rs 1,000
Show answer and solution
Correct answer: C. Rs 2,000
12500 x 8 x 2 / 100 gives 2,000.
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Correct answer: C. Rs 2,000
Correct answer: D. 5%
Correct answer: D. 4 years
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