SI on a sum of RS 1000 for 2 years at rate 5 percentage will be
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Solution :
Principal (P) = Rs1000
Time ( T ) = 2 years
Rate of interest ( R ) = 5%
Simple Interest (I) =(PTR)/100
= ( 1000 × 2 × 5 )/100
= Rs100
Therefore ,
Simple interest = Rs 100
•••••
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