Question

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 1

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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