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Avala borrowed Rs 4800 at a simple interest rate of 12.5% per annum for 2 years. Calculate the total interest paid by Avala?Options1400 1250 13001200

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Solution 1

1. Break Down the Problem

To calculate the total interest paid by Avala, we need to identify the principal amount, the rate of interest, and the time period for which the money is borrowed.

2. Relevant Concepts

The formula for calculating simple interest (SI) is given by: [ SI = \f Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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