Find simple interest and amount on a sum of Rs 1,20,000 for 5 years at the rate of 12 %
per annum.
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Answer:
Simple interest = ₹7200
Amount = ₹127200
Step-by-step explanation:
Simple interest = p*r*t/100
120000*12*5/100 = ₹7200
Amount = p+si
= 120000+7200 = ₹127200
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