allerySimple interest on Rs.1000 for 2 years at 10% per annum equals
ARs.250
BRs.200
CRs.100
DRs.300
Answer & Solution
Correct answer: B. Rs.200
1. Simple Interest formula: SI = P * R * T / 100.
2. Substitute P = 1000, R = 10, T = 2.
3. SI = 1000 * 10 * 2 / 100 = 200.
4. So the simple interest is Rs.200.
_Source: ICAI BoS Foundation Paper 3, Ch 4 'Math of Finance', p.4_
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