Simple interest paid on Rs 1200at 5% per annum for 2 years is?
please answer
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Simple interest paid on Rs 1200at 5% per annum for 2 years is?
please answer
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Answer:
we know that,
C.I - S.I = P × ( r ÷ 100 )^2
= 1200 × 25 ÷ 10000
= 3
your answer is ₹ 3.
hope it helps you.