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Q: Find the interest under simple interest for a principal of Rs. 840 at an interest rate of 4.5% per annum for a period of 3 years.
A. Rs. 37.8 B. Rs. 120
C. Rs. 113.4 D. Rs. 135

Answer and Explanation

Answer:Rs. 113.4

Explanation:
Simple Interest = PNR/100 = (840 × 3 × 9) / 100 × 2 = Rs. 113.4 

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