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A sum of 10,000 is borrowed at 15% per annum. The simple interest for one year is:
A1500
B1200
C1800
D2100
Answer & Solution
Correct answer: A. 1500
1. On 100 rupees the yearly interest is 15.
2. Multiply 10,000 by 15 and divide by 100.
3. The interest is 1500.
_Source: NCERT Class 8 Mathematics, Chapter 8, Comparing Quantities._
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