Find the simple interest for 1000 RS for 3 years at the
rate of 5%
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Step-by-step explanation:
Principle = 1000rs
Rate of interest = 5%per annum
Time = 3 years
Simple interest = P×R×T/100
= 1000×5×3/100
= 150rs
Amount = principle + simple interest
= 1000rs + 150rs
= 1150rs
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