Mathematics · Simple Interest
If Sundar borrows Rs. 45,000 at a simple interest rate of 8% per annum, how much interest does he have to pay at the end of five years?
- 1Rs. 18,000✓
- 2Rs. 15,000
- 3Rs. 24,000
- 4Rs. 21,000
Correct answer
Rs. 18,000
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