find the simple interest on ₹ 7200 at 5%per annum for 8 months also find the amount
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Example1: Find the simple Interest on Rs 7200 at 5% per annum for 8 months. Also, find the amount. Solution. Principal = Rs 7200, rate = 5% p.a. and time = \frac{8}{12} year = \frac{2}{3} year.
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