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At 8% simple interest for four years, ₹7,500 earns how much interest?

A₹2,000
B₹2,200
C₹2,400
D₹2,600
Answer & Solution
Correct answer: C. ₹2,400
Interest equals ₹7,500 × 0.08 × 4, or ₹2,400.
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