Question
Find the simple interest (in ₹) on ₹2500 as a sum
borrowed at 3% per year rate of interest for 6 years.Solution
Formula: SI = (P × R × T) / 100 P = ₹2500, R = 3%, T = 6 years SI = (2500 × 3 × 6) / 100 = ₹450
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