At what annual rate of simple interest will ₹1200 earn ₹600 in 5 years?

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Answer & Explanation

Correct AnswerC. 10

Quick Explanation

Using SI = PRT/100, rate = 600 × 100 / (1200 × 5) = 10%.

R = SI*100/(P*T)

Using SI = PRT/100, rate = 600 × 100 / (1200 × 5) = 10%.

Use the standard formula directly after identifying the quantities.

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