Question

a businessman invests P 5 000 000 at a simple interest rate of 7% per year. How Much Interest Will He He Receive After 4 Years

Answer 1

Answer:

SI=principal×rate×time /100

SI=50,00,000×7×4/100

SI=14,00,000

Answer 2

Answer:

SI=Principle×Rate×Time/100

SI=50,00,000×7×4/100

SI=14,00,000

Hope it helps!

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