Question

p=4200 p.c.p.a=7% time= 3years I=?​

Answer 1

Answer:

Given principal amount (P) = Rs. 4200

Given rate of interest (R) = 7% p.a.

Given time period (T) = 3 years

Simple interest = $\frac{P*R*T}{100}$

⇒ $\frac{4200 * 7 * 3}{100}$

⇒ 42 * 7 * 3

⇒ 294 * 3

⇒ Rs. 882

Hence, the simple interest is of Rs. 882

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