Find the simple interest on Rs 7200 for 4 year at the rate of 5% per annum ?
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Answer:
annyeonghaseyo ;)
Step-by-step explanation:
Solution. Principal = Rs 7200, rate = 5% p.a. and time = \frac{8}{12} year = \frac{2}{3} year. Therefore, P = Rs 7200, R = 5% p.a. and T = \frac{2}{3} year. = Rs (7200 x 5 x \frac{2}{3} x \frac{1}{100}) = Rs 240.
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