if the principal is rs 600,then amount to be paid at the end of 3 years at 7hole1/2 percent simple interest will be
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Step-by-step explanation:
Here, Principal (P)=Rs.7,500, Rate (R)=5% p.a, Time (T)=3 years
Simple Interest =
100
P×R×T
=
100
7500×5×3
=Rs.1,125
Now, Amount = Principal + Simple Interest
=7500+1125
=Rs.8,625
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