A person deposists rs 25000 in firm who pays an interest at the rate of 20%per annual calculate income he gets from it annually•
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Answer:
Apply the formula of simple interest.
SI = = PxRxT 100
Place the values P = =
25000 Rs, R= 20%, T= 1 years
SI 25000×20×1 100
SI Rs 5000
Answered by
0
Answer: 5000 rs
Step-by-step explanation:
By the formula of simple interest, Simple Interest (SI) = P × T × R ⁄ 100 [where,P=principal amount, T=time, R=rate of interest]
Given, P=25000 rs ,T=1 year and R=20%
∴The income he gets annually =25000×1×20/100=5000 rs
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