If P = 25000 Rs., R = 5% and T = 2 years, Then what is the simple interest ?
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Answer:
2,500
Step-by-step explanation:
P= 25000
N= 2 yrs
R= 5 %
I = PNR
---------
100
I = 25000 × 5 × 2
____________
100
I = 250 x 5 x 2
__________
100
I = 2500
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