find the interest on a sum of rupees2500 for 4 years at the interest rate %4
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Answer:
Given principal amount (P) = Rs. 2,500
Given rate of interest (R) = 4% p.a.
Given time period (T) = 4 years
Simple interest = P x R x T / 100
⇒2500 x 4 x 4 / 100
⇒ 25 x 4 x 4
⇒ 100 x 4
⇒ Rs. 400
∴ Hence, the simple interest is of Rs. 400
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