Find the simple Interest on : £350 for 1 year 4 months at 2% per month.
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Answer:
FOR ONE YEAR
S.I.= P×R×T
=350×2×1
=700
FOR 4 MONTH
S.I.= P×R×T
=350×2×4/12
=700/3
=233.3
TOTAL S.I. =700+233.3
=933.3
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