Teaching Bihar D.El.Ed Mock Test Series 2024-25 Quantitative Aptitude Interest Simple Interest

A sum of Rs. 50,000 is invested at simple interest at a rate of 15% for 2 years, what will be the simple interest on the sum?

1
Rs. 12,000
2
Rs. 7,500
3
Rs. 22,500
4
Rs. 15,000
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