Find the simple interest and the amount for the following
1)50000 rupees for 3 years 25/2% per annum
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Answer:
Principle= 50000 Rupee
Time = 3years
Rate of interest = 25/2
Simple interest is= (PTR)/100
= (50000x3x25/2)/100 =
= 18750
Amount = 50000+18750
= 68750.
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