find the simple interest on rupees 5000 for 3 years at the rate of 10percent per annum
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Answer:
Hey !!!!!
Given,
P = Rs. 5000
r = 10%
t = 3 years
We know interest = (P * r * t)/100
= (5000 * 10 * 3)/100
= 500 * 3
= 1500
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