2) What will be the simple interest on Rs.1700 at the rate of 10 p.c.p.a for 2 years?
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The interest on ₹1700 at a 10 p.c.p.a. for 2 years is ₹340.
Interest = P × R × N / 100
Interest = 1700 × 2 × 10 / 100
Interest = 340
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Answered by
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340
Step-by-step explanation:
Interest= P×R×A÷100
interest=1700×2×10÷100
interest= 340
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