Question

1000 pe 2% find tha intrest 1 month

Answer 1

Simple interest = PNR /100
=(1000× 2 ×1/12*)100
= 20 / 12
= 1.67 Rs
Amount =1000 + 1.67=1001.67 Rs
* = one month is the 1 / 12 part of 1year
so interest calculate as the time is 1 / 12 year




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