Question

Mr. Nair's monthly salary is Rs.22,500. He took a loan of Rs.30,000 on simple interest for 3 years at the rate of 5 p.c.p.a

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

P × R × T

SI = ———————

100

30000 × 5 × 3

= ₹ ————————

100

SI = ₹4500