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    • Question : Jaya invested Rs. 14800 at 8.5% per annum on simple interest. The interest earned after 6 months is: Option 1: Rs. 642 Option 2: Rs. 598 O ...
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    Question : Jaya invested Rs. 14800 at 8.5% per annum on simple interest. The interest earned after 6 months is:

    Option 1: Rs. 642

    Option 2: Rs. 598

    Option 3: Rs. 629

    Option 4: Rs. 580

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    Answer
    Answer (1)
    Team Careers360 7th Jan, 2024

    Correct Answer: Rs. 629


    Solution : Given:
    Principal = Rs. 14800
    Rate of Interest = 8.5% per annum
    Time = 6 months = 0.5 years
    $\therefore$ Simple interest = $\frac{\text{Principal × Rate × Time}}{100}=\frac{14800\times8.5\times0.5}{100}$ = Rs. 629
    Hence, the correct answer is Rs. 629.

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