find the interest on 100 for 4 years at the rate of 17 p.c.p.a
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ANSWER
Given=>
Principal = 100
Time = 4 years
Rate of interest = 17 per annum.
Now we know that =>
= S. I
=>S. I=
=>S. I=Rs68
or
Simple interest = 68₹
Hence Amount = Rs 168.
Remember
1)Simple interest=
2)Amount = Simple interest + principal.
Verified answer
Principal = 100
Time = 4 years
Rate = 17
PTR/100 = S. I
Simple interest = 68₹