How much interest will be paid on an amount of rupees 1,000 at the rate of 5% per annum after one year? *
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➤ Given :-
Principle (P) :- ₹ 1000
Rate of interest (R) :- 5%
Time (T) :- 1 year
➤ To Find :-
Interest for given sum..............
➤ Formula :-
➤ Solution :-
The Interest is ₹ 50.
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