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This question belongs to Arithmetic Ability Interest
Interest
?

What will be the simple interest on a sum of Rs. 12000 at the rate of 15% per annum of three years?

Answer & Solution
Correct Answer: Option A
$${\text{S}}{\text{.I}}{\text{.}} = \frac{{12000 \times 15 \times 3}}{{100}} = {\text{Rs}}{\text{. }}5400$$
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