Correct Answer: Option B
If the C I, the rate of interest(r) and term (n) is given,
We can calculate the Simple Interest as:
S I = r n × C I/100 [ (1 + r/100)n – 1]
i.e. Simple Interest = 25/2 × 2 × 510/ 100[(1 + 25/2/100)² - 1]
= Tk.480
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