1. What is the simple interest on 500 for 5 years at the rate of 8 p.c.p.a.?
(A) 25
(B) 40 (C) 200 (D) 700
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Answer:
c). 200
Step-by-step explanation:
principle = RS 500
Time = 5 years
Rate = 8 °/°
simple interest = p × r × t upon 100
= 500 × 8 × 5 × 1/100
= 5 × 8 × 5
= 200
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