Find the simple interest for Rs 3000 for 3 years at the rate of 12% per annum.
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Answer:
1080 Rs.
Step-by-step explanation:
According to the question
Principal = 3000 Rs.
Time = 3 years
Rate = 12%
We have to find the simple interest.
we know that,
S.I. =
=
= 30 x 12 x 3
= 1080 Rs.
Hence the simple interest will be 1080 Rs.
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