What is the simple interest for the principal amount of Rs.100000 at 10% per annum for 1 year period? - MCQ Practice

Multiple Choice Question (MCQ)

Question: What is the simple interest for the principal amount of Rs.100000 at 10% per annum for 1 year period?

A. Rs.1000/-

B. Rs.5000/-

C. Rs.50000/-

D. Rs.10000/-

Correct Answer: Rs.10000/-

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