what will be the simple interest accrued on a sum of rs 4050 at a rate of 8% p.c.p.a in 2 years.?
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Answer:
Rs.648
Step-by-step explanation:
Principl (P) = Rs.4050
Rate (R) = 8% p.a.
Time (T) = 2 years
Simple Interest (SI) = PRT/100
=> SI = 4050×8×2/100
=> SI = Rs.648
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