Q1.Find the simple interest on ₹ 500 for five years at the rate of2 % per annum? *
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Answer:
The simple interest is ₹50
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Step-by-step explanation:
S.I. = (Principle(P) × Rate(R) × Time(T) ) / 100
= 500 ×5×2/100
= 5000/100
= ₹ 50
May my answer help you.
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