Question
Find the simple interest (in ₹) on ₹3000 as a sum
borrowed at 3% per year rate of interest for 4 years.Solution
ATQ, Formula: SI = (P × R × T) / 100 P = 3000, R = 3%, T = 4 years SI = (3000 × 3 × 4) / 100 = ₹360
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