Rahul borrows ₹ 10,000 at 12 % per annum for 1 year at Simple Interest What is the interest paid by Rahul? pls tell urgent
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Answer:
Rs 1,200
Step-by-step explanation:
Principal = Rs 10,000
Rate of Interest = 12%
Time = 1 year
Simple Interest = P×R×T/100
= 10,000×12×1/100
= Rs 1,200
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