EXERCISE A
1. What is the simple interest on Rs. 1,200 at an annual rate of 5 % for 5 years? Find the amount
2
also.
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Answer:
Rate of interest: The interest paid on Rs.100 for one. ... (d) $ 1200 from 9ᵗʰ April to 21ˢᵗ June at 10% per annum. ... S.I. for 3 years = Amount after 5 years – Amount after 2 years
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P = ₹1,200
R = 5% pa
T = 5 yr
SI = PRT/100
=> SI = 1200 × 5 × 5/100
=> SI = 300
A = P + SI
=> A = ₹1,200 + ₹300
=> A = ₹1,500
Therefore , Simple interest on ₹1200 at the rate of 5% p.a. for 5 years is ₹300 , which amounts to ₹1500 .
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