If price=Rs500 , time=2years , rate=2%, interest =?
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Answer:
Simple Interest = ₹20
Step-by-step explanation:
Principal = ₹500
Time = 2 years
Rate = 2 %
Simple Interest = ?
S.I. = (P×R×T)/100
= (500×2×2)/100
= 2000/100
= 20
Simple Interest = ₹20
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