At a rateof10p.c.p.a,whatwouldbetheinterestforoneyearonrupees6000?
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Answer:
Given,
Rate = 10 %
Time = 1 year
Principal = Rs. 6000
Interest = ?
Now,
Interest = P*T*R / 100
= 6000*1*10 / 100
= 60000 / 100
= 600
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