Question 19

A sum of ₹ 2,000, invested at the rate of 8.5% simple interest per annum for 6 years will
yield an interest of:

Solution

Given, Principal = Rs.2000
Rate of interest = 8.5%
Time period = 6 years
Then, Simple Interest earned for 1 year = 8.5% of 2000 = Rs.170
Simple Interest earned for 6 years = 6*170 = Rs.1020

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A sum of ₹ 2,000, invested at the rate of 8.5% simple interest per annum for 6 years willyield an interest of:

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A sum of ₹ 2,000, invested at the rate of 8.5% simple interest per annum for 6 years will
yield an interest of: