The interest on ₹ 100 at 9 p. c. p. a for 1 year is .
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Correct option is
C
Rs500
Given,
Simple interest=Rs.45
Rate of interest=9%p.a
Time=1year
We know,
S.I=
100
PRT
where,
P=principal
R=rate of interest
T=time
100=
100
P×9×1 ÷ 100
P= 10000 ÷ 9
P= 1,111.11
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