Math, asked by likhitha80, 7 hours ago

100rupees for 1month interest is 2 rupees.How much is interest and total money for 50,000rupees?
Please Help me to this Question.
This is my first question.
I answer to the question for the posted questions.But I didn't ask any question.
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Answers

Answered by unique327
1

The formula for calculating simple interest is:

(P x r x t) ÷ 100.

(P x r x t) ÷ (100 x 12)

FV = P x (1 + (r x t))

Example 1: If you invest Rs.50,000 in a fixed deposit account for a period of 1 year at an interest rate of 8%, then the simple interest earned will be:

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