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Question 52
A sum of ₹ 4650 is lent at simple interest. If the rate of interest is 7.5% per annum, then what will be the simple interest for 4 years?
Solution
Given, Principal = Rs.4650
Rate of interest = 7.5% per annum
Time period = 4 years
Simple Interest = $$\dfrac{4650\times7.5\times4}{100} = \dfrac{4650\times30}{100} = 465\times3 = Rs.1395$$
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