. A sum of Rs 10000 is borrowed at the rate of 7% per annum for 2 years. Find the simple interest and amount paid. *
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Step-by-step explanation:
A sum of Rs 10,000 is borrowed at a rate of interest 15% per annum for 2 years. Find the simple interest on this sum and the amount to be paid at the end of 2 years. Simple interest=P×R×T100 where P is the principal amount ,T is time and R is the rate of the interest.
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