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Simple interest on 12,000 rupees at 10 per cent for 6 months is:
A900 rupees
B150 rupees
C600 rupees
D300 rupees
Answer & Solution
Correct answer: C. 600 rupees
1. A full year gives 10 per cent of 12,000, that is 1,200.
2. Six months is half a year.
3. Half of 1,200 is 600 rupees.
_Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_
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