10. Find the simple interest for a sum of 5500 for 3 years at a rate of 9%.
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Answer:
1485
Step-by-step explanation:
Interest= P × R × T/100%
= 5500 × 9 × 3/100%
= 55 × 9 × 3 (I cancelled the 2 zeroes from 5500 and 100%
= 1485
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