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A ₹5,000 deposit earns 8% simple interest yearly for 2 years. Amount?

A₹5,400
B₹5,800
C₹5,816
D₹6,000
Answer & Solution
Correct answer: B. ₹5,800
Simple interest is ₹5,000 × 0.08 × 2 = ₹800, making ₹5,800.
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