find how much simple intrest and amount is to be paid at the end of 2 years for rs 6000 at the rate of4%p.a
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Rate of interest: The interest paid on Rs.100 for one. ... P = $ 5000, R = 151/2% p.a. T = 146 days ... 4. In how many years will simple interest on certain sum of money at 6 1/4% Per annum
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SI = (P*R*T)/100
SI= (6000*4*2)/100
SI = 48000/100
SI= rs480
Amount= 6000-480
Amount = 5520
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