principal is 1000 time is 2 years and rate is 5pee find simple interest
Answers
Answered by
1
Step-by-step explanation:
Answered by
1
Step-by-step explanation:
We know that simple interest is:
I = Prn
or, I =1000× 5%× 2
or, I =1000× 5/100×2
or, I =1000× 1/20×2
or, I =100
So, Simple interest is:Rs.
100.
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