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Q:

How much simple interest will be received in 10 years on the amount of Rs. 1600? If the rate of interest is 7.25 percent per annum.

  • 1
    Rs. 1180
  • 2
    Rs. 1160
  • 3
    Rs. 1240
  • 4
    Rs. 1220
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Answer : 2. "Rs. 1160"

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