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A sum of ₹ 3460 is lent at simple intere...

A sum of ₹ 3460 is lent at simple interest. If the rate of interest is 5% per annum, then what will be the simple interest for 5 years?

A

a) ₹ 875

B

b) ₹ 865

C

c) ₹ 855

D

d) ₹ 845

Text Solution

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The correct Answer is:
B
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