Q. A sum gives Rs. 240 as simple interest in 2 years at 6% per year. What fraction of the principal is the interest?
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Correct Answer: (C)
12/100
Explanation: Total interest percent = 6×2 = 12%, i.e., 12/100 of principal.
Explanation by: Mr. Dubey
Total interest percent = 6×2 = 12%, i.e., 12/100 of principal.