If principal is = Rs 400, Rate of interest per annum = 5%, Time = 3 years , what will be the Simple interest________ and amount________
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S.l= P×R×T\100
400×5×3\100
6000/100=60
and amount= principle+S.I
A= 400+60=460
400×5×3\100
6000/100=60
and amount= principle+S.I
A= 400+60=460
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