what will be the simple interest of 2500 at the rate of 7 one by two percent of interest at the time of 2 whole 1 /2 years
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Principal=Rs 2500
Rate of interest=7.5%p.a.
Time=2.5years
Therefore, Simple Interest=P×R×T/100
=Rs 2500×7.5×2.5/100
=Rs 25×7.5×2.5
=Rs 468.75
Rate of interest=7.5%p.a.
Time=2.5years
Therefore, Simple Interest=P×R×T/100
=Rs 2500×7.5×2.5/100
=Rs 25×7.5×2.5
=Rs 468.75
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