Question

A principle amount 50000 is deposited at the rate 10% per annum for 3 years.Accept principle amount,rate of interest and year through main method and find simple interest using the following formula
SI=P*R*T/100
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Answer 1

Answer:

Simple Interest = (P × R × T)/100

P is Principal amount.

R is rate per annum.

T is time in years.

For example: Let’s say a man deposit 2000 INR in bank account at a interest rate of 6% per annum for 3 years, calculate the simple interest at the end of 3 years.

Explanation:

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