Ravi started business with Rs. 15000 of which Rs.4000 we
borrowed at 15 % p.a. from Shashi.
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Answer:
The principle = 15000 - 4000 = Rs. 11000
rate = 15 %
if time = 1 year,
simple intrest = PTR / 100
SI = 11000×15×1 / 100
= Rs. 1650
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