Mr. Sahil invested Rs.500 for 2 months at 6 % rate of interest per annum. The simple interest is
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Answer:
500
Step-by-step explanation:
Principal (P) = Rs 2000
Rate of interest (R) = 5% p.a.
Time (T) = 5 years
Simple interest = P×R×T100=2000×5×5100=Rs 500
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