Find the sum which will amount to Rs 6600 in 2 years at 5% per annum simple interest.step by step
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Answer:
Step-by-step explanation:
Principal = ₹6600
Rate of interest =5%
Time=2years
Principal = Amount X 100
100+(Rate X time)
=6600 X 100
100+(5 X 2)
=6600 X 100
100 + 10
=6600 X 100
110
=60 X 100
=₹6000
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