Simple interest for a sum of Rs 500 for 2 year at the rate of 8% p a is | Faculties

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Mr. Dubey

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Q. Simple interest for a sum of Rs 500 for 2 year at the rate of 8% p a is

(A) 580
(B) 420
(C) 80
(D) 16

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✅ Correct Answer: (C) 80

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