Find the amount,if p=Rs 100,R=3% per annum,T= 2 years & the interest calculated is simple interest
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Answer:
Rs.106
Step-by-step explanation:
Principal (P) = Rs.100
Rate (R) = 3%
Time (T) = 2 years
Simple Interest (SI) = PRT/100
=> SI = 100 × 3 × 2/100
=> SI = Rs.6
Amount = P + SI = Rs.(100+6) = Rs.106
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