The simple interest on 15,000 for 8 months at 10% is
a) 1000
b) 1500
c)1050
d) none
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Step-by-step explanation:
P = Rs. 15000
R = 10%
T = 8 months = 8/12 = 2/3
SI = PRT
100
= 15000 × 10 × 2
100 × 3
= Rs. 1500
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