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1: Reena gets an amount of Rs 50,000 from a bank at a simple interest of 10% per annumfor 2 years. Find the following.a) Amount of interestb) Total amount to be returned to bank after 2 years.

Answer»

a) 50000*10*2/100

= 10000 rupees

b) 50000+10000

= 60000 rupees



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