Question 35

The interest on ₹ 1250 for 6 years at the rate of 4% simple interest per annum will be:

Solution

we know that

S.I = (P × R × T)/100

$$S.I = \frac{(1250 × 6 × 4)}{100}$$

$$S.I = \frac{(1250 × 24)}{100}$$

$$S.I=300$$

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