Q. Rahi deposited Rs. 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of
A) Rs. 200
B) Rs. 240
C) Rs. 480
D) Rs. 280
✔ Correct Answer: Rs. 240
Exam Insight
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A) Rs. 200
B) Rs. 240
C) Rs. 480
D) Rs. 280
✔ Correct Answer: Rs. 240
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