Find the simple interest on Rs.4500 at 8% per annum for 2 years. Also find the amount
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Step-by-step explanation:
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Answer:
Simple interest = Rs.720
Total amount = Principle + SI
=> 4500 + 720 => Rs. 5220
Step-by-step explanation:
Principle = Rs.4500
Rate = 8%
Time = 2 years
Simple interest = P x R x T/100
=> 4500 x 8 x 2/100
=> Rs.720
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