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Mr. Bose invests ₹12500 at 7% per annum simple interest. How much interest (in ₹) does he earn in 4 years?

Competition practiceSimple & Compound Interest
  • A3500
  • B3000
  • C875
  • D4200

Step-by-Step Solution

SI = = ₹3500. (₹875 is only one year's interest.)
Answer: A) 3500

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