Question

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 1

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

Answer 2

Answer:

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