evaluate the amount and the simple interest , if p= RS. 60000 , N= 2 years , r=12%
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Explanation
P = rs 60000, R= 12 percent, T = 2 years.
therefore I = PRT/100 = 60000×12×2/100 = 14,400.
This, Interest = Rs 14400 and Amount = Principal + Interest = 60000+14400= 74400(ans)
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