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Simple interest on 20,000 at 8% for two years would have been:

A3000
B3600
C3200
D3328
Answer & Solution
Correct answer: C. 3200
1. The principal never changes under simple interest. 2. 1600 twice gives the total. 3. The simple interest is 3200. _Source: syllabus Mathematics, Chapter 8, Comparing Quantities._
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