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1 .
What would be the simple interest accrued in 4 years on a principal of Rs.16,500 at the rate of 16 p.c.p.a.?
[ A ]    Rs.11560
[ B ]    Rs.10250
[ C ]    Rs.12500
[ D ]    Rs.9980
[ E ]    None of these right
Answer : Option E
Explanation :
Simple interest = ${principle \times time \times rate} \over 100$ = ${16500 \times 4 \times 16} \over 100$ = Rs.10560

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