Find the simple interest on ₹20,000 for 5 years at the rate of 8% per annum
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Answer:
The simple interest is ₹ 8000.
Step-by-step explanation:
SI=P×R×T
______
100
SI=20000×8×5
__________
100
SI= 800000
_______
100
SI=₹ 8000
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