Simple Intrest on 10,000 for 15 months at the rate of 5.5% per annum.
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Explanation:
Given: The principal is Rs. 39200 and the rate of interest is 7%. Time = 15 months = 15/12 = 5/4 years.
Concept used: Interest = (principal × interest rate × time)/100.
Calculations: According to the question. Interest = [
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