Find the Simple interest on Rs. 6000 for 2 years 6 months at the rate of 4% per annum.
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Answer:
Answer
A=P(1+
100
R
)
T
⇒A=6000(1+
100
9
)
2
=6000×(
100
109
)
2
= 7128.6 /-
⇒ Compound interest = A-P.
= 7128.6 - 6000
= 1128.6/-
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