Question

(iii) The interest on `50 at the rate of simple interest of 10% per annum for 2 years is how much

times of the interest on `100 for 1 year at the same rate of interest​

Answer 1

Answer:

Simple Interest is calculated using the following formula: SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period. Here, the rate is given in percentage (r%) is written as r/100.

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