For amount of 5000 intrest is 5% after 2 years what is the total intrest?
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- Amount = ₹5000
- Rate = 5%
- Time = 2 years
Interest = ?
Principal = ?
Interest = Principal × Rate × Time / 100
=> Principal × 5 × 2 / 100
=> Principal × 10 / 100
=> Princial = 10 / 100
- Princial = 10
Interest = Amount - Principal
=> 5000 - 10
=> ₹4990
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