alleryAn RD receives ₹800 each month for 24 months at 5% p.a. Calculate the interest earned.
A₹800
B₹1,000
C₹1,200
D₹1,500
Answer & Solution
Correct answer: B. ₹1,000
Since 24×25=600, interest is ₹800×600×5÷2400 = ₹1,000.
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