How much simple interest will be received in 10 years on the amount of – McqOptions

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1.	How much simple interest will be received in 10 years on the amount of Rs. 1600? If the rate of interest is 7.25 percent per annum.
A.	Rs. 1180
B.	Rs. 1160
C.	Rs. 1240
D.	Rs. 1220
Answer» C. Rs. 1240

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