Question
How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and six months?
Answer: Option C
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I = (8200 * 2.5 * 17.5)/100 = (8200 * 5 * 35)/(100 * 2 * 2) = Rs. 3587.50
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