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Find the simple interest, when Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years. |
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Answer» Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years. We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (2000 × 5 × 5)/100 = Rs 500 |
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