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A sum of Rs. 50,000 is invested at simpl...

A sum of Rs. 50,000 is invested at simple interest at a rate of 15% for 2 years, what will be the simple interest on the sum?

A

Rs 12, 000

B

Rs. 7,500

C

Rs. 22,500

D

Rs. 15,000

Text Solution

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The correct Answer is:
D
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