what will be the simple interest of 5000 at the rate
of 8% for 2 years ?
a) 1200 B) tooo c) 800
d) 750
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answer is 800
given:- principle-5000
rate-8%
time-2 yrs
formula for SI= p×r×t/100
= 5000×8×2/100
= 800
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