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What would be the simple interest accrue...

What would be the simple interest accrued in four years on a principal of ₹18,440 at the rate of 15 pcpa?

A

₹ 11064

B

₹ 12250

C

₹11500

D

₹12985

Text Solution

Verified by Experts

`SI = ( P xx r xx t)/100 = ( 18440 xx 15 xx 4)/100 = ₹111064 `
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