of principal is ₹600 time 2years rate of interest 10%p.a. simple interest
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Answered by
3
=600×10/100×2
=6×10×2
=120 is the interest
and 720 is the amount
=6×10×2
=120 is the interest
and 720 is the amount
Answered by
4
Principle ( P) = ₹600
Time ( T) = 2 years.
Rate of interest ( R) = 10%
We know that,
Simple interest = P*T*R/100
= 600*2*10/100
= 120.
Amount = Principle + Simple interest.
= 600+120
= 720.
Time ( T) = 2 years.
Rate of interest ( R) = 10%
We know that,
Simple interest = P*T*R/100
= 600*2*10/100
= 120.
Amount = Principle + Simple interest.
= 600+120
= 720.
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