Question
A sum of Rs 6,000 is invested at 8% simple interest per
annum. What will be the interest earned in 2.5 years?Solution
ATQ, SI = (P × R × T)/100 = (6,000 × 8 × 2.5) / 100 = 6,000 × 20 / 100 = 6,000 × 0.2 = 1,200
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