Answers
Explanation:
Solution:-
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◍ Here it is given in the question that the principal, rate of interest and time that is Rs. 45,500, 9% per annum and 7 years respectively. Now, the question has asked us to find the simple interest.
✩ HOW TO DO:-
To find the simple interest we have to use a certain formula. First of all we have to put the values in the formula and after that by solving it we will get the simple interest.
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ANSWER:-
◈ The simple interest is Rs. 28,665.
GIVEN:-
☆ Principal = Rs. 45,500
☆ Rate of Interest = 9% per annum
☆ Time = 7 years
TO FIND:-
Here we have to calculate the simple interest.
SOLVING STEP BY STEP:-
We have to use a certain formula.
Put the values in the formula.
Solve it.
Final digits will be the answer.
We know that:-
Here,
P = 45,500
R = 9%
T = 7 years
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So let's solve it!
Finding the SI:-
Thus, we got the answer.
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Abbreviations used:-
SI = Simple Interest
P = Principal
R = Rate
T = Time
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Answer:
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