find the simple interest on a sum of ₹2000 for 2 years at 4 % per annum rate of interest.
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*Answer*
Simple Interest= Principal x Time x Rate of interest
————————————————
100
= 2000 x 2 x 4
——————
100
= 160
Simple Interest= Principal x Time x Rate of interest
————————————————
100
= 2000 x 2 x 4
——————
100
= 160
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