Find the simple interest on ₹ 10000 at a rate of 5p.c.p.a. for 3 years. *
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answer:
Rupees 1500
Step by step explanation:
principal = 10000
rate of interest= 5%
Time = 3 years
Interest= PRT/100
= 10000×5×3/100
= 15 × 10000 / 100
= 150000/100
= 1500
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