Mathematics · Simple Interest
A shopkeeper invests Rs. 500 in a chit fund that offers 8% simple interest. What interest will he get after 1 year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 50
- 2Rs. 45
- 3Rs. 35
- 4Rs. 40✓
Correct answer
Rs. 40
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