What will be the interest amount on Rs.300 for 2 years the rate of interest being 10% per annum?
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Answered by
1
intrest= PTR/100
intrest=(300×2×10) ÷100
intrest= 60 rupees
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Answered by
1
Step-by-step explanation:
Principal = 300 Rs.
Time = 2 years
Rate = 10%
Simple Interest = principal × rate × time / 100
Simple Interest = 300 × 10 × 2 / 100
therefore,
Simple interest = 60 Rs.
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