Principle amount 1000 Rate of interest 5% and Time period 5years what is the take away ?
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Answer:
Given, Principle =Rs.1000 and rate of simple interest per year =5% and time =5years.
In 5 years total interest is
1000×5×5
__________
100
= 250
So in 5 years total amount is 1,000+250=1250
Step-by-step explanation:
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