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What would be the simple interest accrue...

What would be the simple interest accrued in 4 years on a principal of ₹16,500 at the rate of 16 pcpa?

A

₹ 10560

B

₹10250

C

₹12500

D

₹9980

Text Solution

Verified by Experts

The correct Answer is:
A
Simple interest
`= ("principal" xx "rate" xx "time") /100 = (16500 xx4xx6)/100 = ₹ 10560`
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