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Q: Ramesh has borrowed an amount of `2,00,000 from a bank to start a business. How much simple interest will he pay at a rate of 11% per annum after 2 years?
  • A. `45,500
  • B. `44,600
  • C. `46,000
  • D. `44,000
Correct Answer: Option D -
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Explanations:

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