Senha took a loan of Rs 16,000 against her insurance policy at the rate of 10 1/2% per annum. Find the simple interest payable by her after 3 years.
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=16000{ 1+ (21÷200)}
=16000 (221÷200) (221÷200)(221÷200)
= 43,175.44
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Answer:
SI = PRT /100
SI = 16000×21×3/100×2
SI = 5,040 Ans.
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