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The simple interest on Rs 5,000 at 10% per annum for 2 years is
ARs 500
BRs 600
CRs 1,000
DRs 1,200
Answer & Solution
Correct answer: C. Rs 1,000
SI = P × R × T / 100 = 5,000 × 10 × 2 / 100 = 1,000.
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