A person took a loan of Rs. 1500 from his employer for 3 months at 12% per annum simple interest. The amount he her to return is
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P = $ 1,500
R = 12 %p.a.
T = 3 m = 0.25 y
S.I. = PRT/100
S.I. = $ 1,500 × 12 %p.a. × 0.25 y / 100
S.I. = $ 45
R = 12 %p.a.
T = 3 m = 0.25 y
S.I. = PRT/100
S.I. = $ 1,500 × 12 %p.a. × 0.25 y / 100
S.I. = $ 45
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