Find the simple interest on Rs. 1000 for 2 years at 8 % annum.
A. Rs. 120
B. Rs. 160
C. Rs. 40
D. Rs. 80
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1
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Answer:
(B)
Because formula of SI = P×R×T/100
=1000×8×2/100
=8×2×10
=Rs. 160
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