calculate the simple interest on Rs 10,000 for 2 years at 8 % per annum
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Answer :-
Given,
P = 10,000
T = 2 Years
R = 8%
》Formula,
SI = P × T × R / 100
=》 SI = 10,000 × 2 × 8 / 100
=》 SI = 1,600
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