The simple interest on Rs 3000 at 5% per annum for 2 years is
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2
Principal = 3000
Rate of interest = 5%p.a
Time = 2 years
Simple Interest = (Principal × Rate × Time) / 100
I.e( 3000 × 5 × 2 ) / 100
Ans = 300
Answered by
0
Answer:
SI=PRT/100
3000×5×2/100
30×5×2
300
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