Jamin takes Rs 10000 at 12% per year as rate of interest ,for 2 year. How much interest he has to pay at the end of two years
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Answer:
Rs.2400
Step-by-step explanation:
Principal=Rs 10000
Rate=12%
Time=2years
Simple Interest=P×R×T/100
=10000×12×2/100
=Rs.2400
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