Question

find the simple intrest of rs 1000 kept for 2 years at 3 percent rate of please answer me​

Answer 1

Given:

Principal = Rs. 1000

Rate = 6%

Time = 3 years

Formula Used: 

Simple interest (S.I) = (P × R × T)/100

Calculation:

Simple interest = (1000 × 6 × 3)/100

⇒ 180

Hence, the simple interest is Rs. 180

Answer 2

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