harsh borrowed rupees 500 from a bank for 3 years at the rate ,12% per annum . find the interest he has to pay to the bank at the end of 3 years .
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Answer:
= Rs.180
Step-by-step explanation:
Principal (P) = Rs.300
Rate (R) = 12% per annum
Time (T) = 3 years
Simple Interest (SI) = ?
SI = P×R×T/100 = 500×12×3/100 = Rs.180
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