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    Question

    What is the maturity value of Rs.25000 at the end of 2

    years at 9.25% Simple Interest?
    A Rs.29625 Correct Answer Incorrect Answer
    B Rs.30225 Correct Answer Incorrect Answer
    C Rs.29250 Correct Answer Incorrect Answer
    D Rs.28000 Correct Answer Incorrect Answer

    Solution

    As we know Simple Interest = (Principal x Rate x time)/100 Simple Interest = (25000 × 9.25 × 2)/100 Simple Interest = Rs. 4625 Amount = Rs. 25000 + Rs. 4625 Rs. 29625.

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