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The simple interest on ₹10,000 at 8% per annum for 2 years is

A₹1,600
B₹1,800
C₹2,000
D₹800
Answer & Solution
Correct answer: A. ₹1,600
SI = P·R·T/100 = 10000·8·2/100 = ₹1,600.
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