Find the simple interest on rupees 11000 for 2 years at 7% per annum
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Answer:
the simple interest is 1540 rupees.
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Answer is 1540 rupees.
Just put the simple interest formula..
SI = PRT/100
P = 11000 rupees
R = 7%
T = 2 yrs
SI = 11000 * 7 * 2/100
= 1540 rupees
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