Illustration 1 :
Calculate simple interest on
per annum.
20,000 for 3/2 years at 6% rate of interest
Answers
Answered by
1
Simple interest is 1800 you can calculate it by multiplying S.I=p×r×t/100
Answered by
1
Rate =6%
SI=P×R×T/100
SI=20000×6×1.5/100
SI=200×6×1.5
SI=20×6×15
SI=1,800
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