1. Find the simple interest and the amount when
principal = 5500, rate = 14% p.a. and time = 3 years
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Answered by
49
Answer:
Simple interest= (P×R×T)÷100
SI = (5500×14×3) ÷100
SI = 2310
Amount= principal+simple interest
Amount= 5500+2310
= 7810
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