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Answer:
Just like we have a question =
Q. Find the interest on ₹ 500 for a period of 4 years at the rate of 8% per annum.
Answer. P (Principal) = ₹500
R (Rate) = 8%
T (Time) = 4 years
Now,
S.I (simple interest) = P×R×T
100
= 500×8×4
100
= 16000
100
= 160 (Answer)
Explanation:
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