principal=625 rate of interest=4%p.a. time=2 years
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Answer:
Interest is Rs. 50
Step-by-step explanation:
Given: Principal (p) = 625
Rate of interest (r) =4%p.a.
Time(t) = 2 years
Interest = p*r*t/100
= 625*4*2/100
= Rs. 50
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