A shopkeeper borrowed Rs 25000 from his friend for a period of 2 yrs. Find the interest which he has to pay, if the rate of interest is 2% per annum?
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Answered by
2
principle = rs. 25000
time = 2 years
rate =- 2 %
simple interest = (25000*2*2)/100
= rs. 1000
time = 2 years
rate =- 2 %
simple interest = (25000*2*2)/100
= rs. 1000
Answered by
1
p = Rs 25000
t=2years
r=2%
SI=ptr
=25000*2*2/100
=250*4
=1000
t=2years
r=2%
SI=ptr
=25000*2*2/100
=250*4
=1000
sorry for that
Similar questions
Time period or t = 2 years
simple interest = (25000*2*2)/100
= rs. 1000