Find the interest on ₹500 at 12% per year for 7 years? *
₹400
₹450
₹430
₹420
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Answer:
Time = 7 yrs
Rate = 12%
Principal = Rs 500
Interest = P × R × T
_________
100
500 × 12 × 7
____________
100
= Rs 420
Answer is ₹ 420
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