Question

find the simple interest that ram has to pay if he borrows Rs 500 for a period of 5 years at the rate of 5% p.a.

Answer 1

Answer:

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Step-by-step explanation:

Simple interest=p*t*r/100

Where P= principal

T= time

R= rate of interest

Given p= 500

R=5

T= 5

Now

SI= 500*5*5/100=125

AMOUNT= P+SI= 500+125= 625

Answer 2

Answer:

125

Step-by-step explanation:

Given:

P= 500

R= 5%

T= 5 years

S.I.= P×R×T/100

500×5×5/100 = 125

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