find the simple interest on Rs 5000 for3 years at the rate of pur 5% per annum.
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Explanation:
given
principal amount(p) = 5000rupees
rate of interest (r) = 5%
time(t) = 3 year
calculation
we know,
simple interest (I) = (p × t ×r)/100
= (5000× 3×5)/100
= 750 rupees
simple interest = 750 rupees
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