Principal = ₹500 , Time = 2years , Rate = 5%
Find the simple interest.
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Given :-
- Principal = p = ₹500
- Time = t = 2 years
- Rate = r = 5%
As We Know,
Simple Interest = p × r × t / 100
= 500 × 5 × 2 / 100
= 2500 × 2 / 100
= 5000 / 100
= 50
Hence, the simple interest is ₹50.
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