The simple interest on Rs. 500 for 5 years at the rate of 2% per annum is..?
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Answer:
50Rs
Step-by-step explanation:
SI => principal (p) x rate of interest (r) x time(t) /100
=>P×R×T/100
=500 x 2 x 5 /100 = 25 x 2 =>
50Rs
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