At the rate of 8 1/2% per annum simple interest, a sum of Rs. 5800 will earn how much interest in 2 yr 3 months?
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Answer:
r=8×2+1/8=16+1/100=17/100
t=2+3/12=2+1/4=8+1/4=9/4
Step-by-step explanation:
I=PTR/100
I=5800×17/100×9/4=2218.5
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