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10,000 is borrowed at 15% per annum simple interest for 2 years. The interest is:
A3,225
B3,000
C1,500
D2,250
Answer & Solution
Correct answer: B. 3,000
1. One year's interest is 1,500.
2. Two years give 3,000.
3. The amount to repay is 13,000.
_Source: NCERT Class 8 Mathematics, Chapter 8, Comparing Quantities._
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