find the simple interest of 100 rupees for 3 years at 10 p.c.p.a
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p×n×r ÷100
100×10×3÷100 =30rup
100×10×3÷100 =30rup
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Solution :-
Given -
Principal = Rs. 100
Rate of interest = 10 %
Term = 3 years
Simple Interest = (P × R × T)/100
⇒ (100 × 10 × 3)/100
⇒ 3000/100
⇒ 30
Hence, simple interest is Rs. 30
Answer.
Given -
Principal = Rs. 100
Rate of interest = 10 %
Term = 3 years
Simple Interest = (P × R × T)/100
⇒ (100 × 10 × 3)/100
⇒ 3000/100
⇒ 30
Hence, simple interest is Rs. 30
Answer.
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