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Simple interest on 10,000 at 15 per cent for two years is:
A3500
B4000
C3000
D2500
Answer & Solution
Correct answer: C. 3000
1. Interest for one year works out to 1500.
2. Simple interest is the same every year.
3. So two years give 1500 times 2, which is 3000.
4. The answer is 3000.
_Source: NCERT Class 8 Mathematics, Ch 7 'Comparing Quantities'_
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