Find the simple interest & amount to be paid at the end of 2years at 5% p.a.
for a principal of Rs.7500.
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Here, Principal (P) = Rs. 7,500, Rate (R) = 5% p.a., Time (T) = 2 years
Simple Interest =p×r×t/100
7500×5×2/100= Rs. 750
Now, Amount = Principal + Simple Interest
= 7,500+750
= Rs. 8,250
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