Find the simple interest (in ₹) on a sum of ₹1,500 at a monthly interest rate of 3% for 5 months.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 38.75
2. (B) 225
3. (C) 37.5
4. (D) 18.75

Verified Answer

Option (B): 225

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