Question

Find the simple interest on rs 300 at 14%
For 7 years

Answer 1

Step-by-step explanation:

we know that simple interest is (principal × rate × time)/100

here principal is rs 300

rate is 14%

time is 7 years. using formula, we have

(300×14×7)/100 = 3× 14 × 7= 294

thus simple interest is rs 294

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