Find the simple interest and amount for each of the following -
(i)
Principle - Rs. 2700
Rate of interest - 4%
Time - 3 years 4 months
(ii)
Principle - Rs. 8000
Rate of interest - 9%
Time - 4 months
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Simple interest(S.I) = P×T×R/100
i) S.I =2700×4×40/100
=4320
ii)S.I =8000×9×4/100
=2880
Hope this helps :)
i) S.I =2700×4×40/100
=4320
ii)S.I =8000×9×4/100
=2880
Hope this helps :)
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