Principal = Rs. 50000, Rate of Interest = 5% p.a., Time period = 5 years. What is the interest earned?
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Answer:
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Step-by-step explanation:
Simple Interest = (Principle × Rate of Interest × Time) / 100
= (50000 × 5 × 5) / 100
= 1250000 / 100
= 12500
Value of Simple Interest = 12500
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