Calculate the interest on rupees 2500 for 1 Year at the rate of 10 p.c.p.a
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Answer:
250 rupees
Step-by-step explanation:
(simple) Interest = principal × annual rate × years
= 2500 rupees × 10% per year × 1 year
= ( 2500 × 0.1 × 1 ) rupees
= 250 rupees
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