Rahim deposited rupees 10000 in a company which pays 18% at simple interest find the interest rates for a period of 5 years
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p×r×t=si
10000×18×5=900000
10000×18×5=900000
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Simple Interest = I =prn/100
Here P = 10000, r = 18% and n = 5 years
I = 1000 x 5 x 18 /100
I = 100 x 90
I = Rs.9000
Here P = 10000, r = 18% and n = 5 years
I = 1000 x 5 x 18 /100
I = 100 x 90
I = Rs.9000
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