Mathematics · Simple Interest

A small business owner deposits ₹8000 in a scheme offering 9% simple interest per annum. How much interest will he earn in 1 year and 6 months?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹1100
2₹1080✓
3₹1050
4₹1000

Correct answer

₹1080

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A small business owner deposits ₹8000 in a scheme offering 9% simple interest per annum. How much interest will he earn in 1 year and 6 months?

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A small business owner deposits ₹8000 in a scheme offering 9% simple interest per annum. How much interest will he earn in 1 year and 6 months?

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