Find the simple interest on
(i) rupees 2750 for 6 years at the rate of 5% per annum.
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Answer:
Simple Interest = Principal × Rate × Time ÷ 100
= 2750 × 5 × 6 ÷ 100
= 2750 × 30 ÷ 100
= 275 × 3
= 825
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