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Supposed to invest 5,000 at 10% simple interest how much money will you have after 5years |
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Answer» Given, P = 5000, R = 10%, Time = T = 5 years S.I. for 5 years = S.I = \(\frac{PRT}{100}\) = \(\frac{5000\times 10\times 5}{100}\) = Rs. 2500. Money after 5 years = P + S.I. = 5000 + 2500 = Rs. 7500. |
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