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1) Principal = Rs. 8000
2) Rate of interest = 16 2/3 %
3) Time = 9 months
Rate of interest = 16 2/3% = 50 /3
Time = 9/12= 3/4 years
Simple Interest = (P × R × T) /100
Substituting the given values, we get
Simple Interest = 8000/100× 50/3× 3 /4
Simple Interest = Rs.1000
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