Calculate the simple interest earned if a deposit of $ 700,000 is
left for 10 years at an interest rate of 4% .
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Answer:
P = 700000 rs. T = 10yrs & R = 4%
SI =( P × R × T ) / 100
SI = (70,0000 × 10 × 4) / 100
SI = 28,0000 rs..
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