1. Find the simple interest if:
a) Principal = 15,230, rate of interest
= 8% per annum, time = 2 years
b) Principal = 832, rate of interest = 3.6%
per annum, time = 5 years
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Answer:
a). simple interest=Principal*Rate*time/100
simple interest=15,230*8*2/100
simple interest =2436.8
b). simple interest=Principal*Rate*time/100
simple interest=832*3.6*5/100
simple interest=14976
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