Find the simple interest :
principal : $4000
interest rate : 5 %
time : 2 years
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Find the simple interest :
principal : $4000
interest rate : 5 %
time : 2 years
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Answer:
Given : Principal- $4000
Interest rate-5 %
Time-2yrs
Ans-
SI =P×R×T
=4000×5×2÷100
=400
so simple interest is 400