Principal is 1250 time is 2year 7 months and Rate is 2% find simple interest
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Given :- Principal, P = 1250
Time, T = 2 year 7 months = 31/12 year
Rate of interest, R = 2%
Simple Interest, S. I. = P x R x T
100
= 1250 x 2 x 31
12 x 100
= 775
12
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