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The same 10,000 borrowed at 15% simple interest gives interest over two years of:
A6000
B3000
C1500
D4500
Answer & Solution
Correct answer: B. 3000
1. One year gives 1500.
2. Simple interest repeats the same amount.
3. Two years give 3000.
_Source: NCERT Class 8 Mathematics, Chapter 8, Comparing Quantities._
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