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Q: The simple interest on a certain sum is 1/8 of the sum. When the number of years is equal to half of the rate percentage per annum. Find the simple interest (in`) on `15000 at the same rate of simple interest rate for 8 years.
  • A. ` 5,800
  • B. ` 5,000
  • C. ` 5,250
  • D. ` 6,000
Correct Answer: Option D -
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Explanations:

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