R wants to deposit ₹80,000 in the bank for a year. In his

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R wants to deposit ₹80,000 in the bank for a year. In his account, the bank gives 12% simple annual interest but charges ₹3,000 as a processing fee for the account. What would be his percentage earnings in the account?

[SSC CGL 21 July 2023 Shift 4 With Answers]

A

9%

B

8.75%

C

8.5%

D

8.25%

EXPLANATION

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