A sum of ₹876 was lent at 4% simple interest.what is the interest to be paid after 8 months ?
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Step-by-step explanation:
Principal(P)=₹876
Rate of interest(R)=4%p.a.
Time(T)=8 months=8/12=2/3 years
S.I=P*R*T/100
=876*4*2/3*100
=584/25
=23.36
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