Question

Ahmed borrowed OMR 666 for 2 years at a simple interest rate of 4.1% per year to purchase new machines for his company. Find the interest.​

Answer 1

Given:

Principal (P) = 6000 rupees

Rate of interest (R) = 10%

Time (T) = 1 year

Now, Interest = P×R×T100

=6000×10×1100=60000100

= 600 rupees

Hence, the interest for one year would be 600 rupees

Answer 2

Answer:

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