in a certain example p= rs 85000 r=7 p.c.p.a and t = 2. 1/2 years.find the total interest
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Answer:
the total interest will be 20
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Answer:
The total interest is Rs.14,875
Step-by-step explanation:
Given :
P = Rs. 85,000
r= 7 % p.a
t =2 1/2 yrs.= 5/2 yrs
As we know that,
S. I = (Prt ) /100
= {85,000 × 7 × ( 5 /2 )} /100
= (85,000 × 7 × 5 ) / ( 2 × 100)
= (850 × 7×5 ) / 2 = 29,750 /2 =14,875 Rs.
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