Question
Calculate the total return on Rs. 60,000 invested for 2
years at 15% p.a. simple interest.Solution
ATQ,
Simple interest = 60000 Γ (15/100) Γ 2 = 60000 Γ 0.30 = Rs. 18,000
Amount = 60000 + 18000 = Rs. 78,000
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