find the simple interest when principal= Rs.2000 rate, rate of interest =5% per annum and time =5 years
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Answer:
500 is the interest
Step-by-step explanation:
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Step-by-step explanation:
Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get SI = (2000 × 5 × 5)/100
= Rs 500
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