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What is the simple interest on for years at per annum.

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answer is B.

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Detailed Solution

Concept: Simple interest formula,

Here,

are the principal amount, rate of interest and time period respectively.
Given that,
Rate of interest per annum,

Principal amount,

Time Period,

years
Using Simple interest formula,

Therefore, the simple interest on

for

years at

per annum is

.
Hence, the correct answer is option (2).

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