The simple interest on a deposit of Rs. 8,500 for 3 years is Rs. 2,040 – McqOptions

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1.	The simple interest on a deposit of Rs. 8,500 for 3 years is Rs. 2,040. Find the rate of interest per annum.
A.	8%
B.	8.5%
C.	9%
D.	7.5%
Answer» B. 8.5%

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