Que-1 Suvidha borrowed a sum of 50,000 rupees at 7 p.c.p.a interest for 2 years from a bank. How much is the interest amount she has to pay to the bank?( class 7th)
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Step-by-step explanation:
p = 50,000
R = 7 p.c.p.a.
N = 2
I = p×r×n /100
50,000×7×2 /100
= 7000
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