principle =5000 r=14.5 t=4 find amount
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118%8.5%9%9.5%10%10.5%11%11.5%12%12.5%13%13.5%14%14.5%15%15.5%16 ... For this formula, P is the principal amount, r is the rate of interest per annum, n denotes ... year will be calculated on the accumulated amount, i.e: 50,000 + 5000 = 55,000 ... The formula for calculating simple interest is: P * R * T / 100.
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p*r*t/100
5000*14.5*4/100= 2900
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