If Principal=₹450, Rate of interest per annum is 9/2% for 3 years 8 months, find simple interest.
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Simple Interest = [(Principal) × (Rate) × (Time)]/100
⇒ Simple Interest = [450 × 9/2 × 3.8]/100
⇒ Simple Interest = [450 × 4.5 × 3.8]/100
⇒ Simple Interest = 4.5 × 4.5 × 3.8
⇒ Simple Interest = 76.95
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