Question

The simple interest on Rs2000 for 5 years at 7%p.a. is

Answer 1

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Formula :-

Compound interest:

a = p (1+r/100) t

Given :-

Principal=Rs2000

r = 5

t = 2

Solution :-

A = 2000 (1 +5/100) ×2

A = 2000(1+5/100) ×2

A = Rs 4200

Required answer is Rs. 4,200 .

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~Answer completed~⁣

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