A sum of Rs 400 is lent for 5 years at the rate of 15%per annum. Find interest.
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Answered by
1
Step-by-step explanation:
the interest rate on sum of rs 400 is rs300 ( assuming it to be simple interest)
Answered by
1
Answer:
300
Step-by-step explanation:
GIVEN:
PRINCIPAL RS 400
TIME- 5YEARS
RATE- 15%
Interest=PRT/100
Interest=400×15×5/100
Interest=300
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