व्हाट इज द सिंपल इंटरेस्ट ऑफ रुपीस वन थाउजेंड
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step 1: multiply the given principal sum P, interest rate R in percentage & time period in years together. step 2: for yearly interest payable, divide the result of above multiplication (P x R x T) by 100 gives the simple interest.
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