If ₹10,000 becomes ₹15,500 in 2 years,find the simple interest. give the explanation too
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Answer:
Step-by-step explanation:
On Rs 100, interest charged for 1 year is Rs 15.
So, on Rs 10,000, interest charged = th
Interest for 2 years =
Amount to be paid at the end of 2 years = Principal + Interest
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