Find the interest when principal is Rs:6000 of 5 years and the rate of interest is 5.
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Answer:
Rs 1500
Step-by-step explanation:
Principal = 6000
Rate of Interest = 5%
Time = 5 years
So, Interest = (5% of 6000) × 5
= (5/100) ×6000 × 5
= 1500
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