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Find the simple interest, when:
Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.
3 X2 = 6
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3
Answer:
₹250/-
Step-by-step explanation:
Given
Principal = Rs 500
Rate of Interest = 12.5% per annum
Time = 4 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get SI = (500 × 4 × 12.5)/100 = rs 250
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