Find the amount when Rs 1750 is reckoned for 2 years at the rate of 5% per annum simple interest.
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Answer:
Rs.1925
Step-by-step explanation:
Principal (P) = Rs.1750
Rate (R) = 5%
Time (T) = 2 years
Simple Interest (SI) = PRT/100
=> SI = 1750 × 5 × 2/100
=> SI = Rs.175
Amount = P + SI = Rs.(1750+175) = Rs.1925
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