Question

Find the simple interest when interest rate is 7% each year. Starting Balance is Rs. 1940

and time is 13 years​

Answer 1

Answer:

Principal = ₹ 1940

Rate = 7%

Time = 1 year

Therefore,

SI = $\frac{P × R × T}{100}$

=$\frac{1940 × 7 × 1}{100}$

=$\frac{1358}{10}$

=$₹135.8$

Answer 2

Answer:

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