what is the simple interest on rs. 12,000 at the rate of 5% per annum for 3yrs
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12000 at 5 % p.a. for 3 years will be Rs. 1891.5. Note: Alternatively we can solve the question by using the simple interest method.
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Answer:
1800
Step-by-step explanation:
p×r×t÷100
12000×5×3÷100
120×5×3==600×3
=₹1800
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