The simple interest on Rs. 1505 at 7% p.a. for 3 yrs is _____.
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Answer:
the correct simple interest will be ₹ 31 6.05
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Step-by-step explanation:
Principle P= 1505
Rate R= 7 %
Time T= 3 yrs
S. I. = P×R×T/100
= 1505×7×3/100
= 1505×21/100
=31605/100
= 316.05 Rs
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