Question

b) A sum of 20,000 deposited in a bank for 2 years @ 10% simple interest.

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Answer 1

Answer:

$s.i = \frac{20000 \times 2 \times 10}{100} = 4000$

Answer 2

principal -20,000ruppees

rate -10% simple interest.

time -2years

S.I.=P*R*T/100

=20,000*10*2/100

=. 4000ruppees