What would be the interest payable on a deposit of Rs. 1,500 invested – McqOptions

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1.	What would be the interest payable on a deposit of Rs. 1,500 invested for four years at 8% simple interest per annum?
A.	Rs. 500
B.	Rs. 480
C.	Rs. 520
D.	Rs. 475
Answer» C. Rs. 520

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