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The interest on 100 for a
he interest on ? 100 for 1 year is called rate
ius, if rate = 9% p.a., then it means that the interest on 100
e Interest
he interest is reckoned uniformly on the original principal
is called simple interest, abbreviated as S.I.
LAE
trincipal = ? P, Rate = R% per annum and Time = T years
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