Question
Find the simple interest and the amount on Rs 5,000 at
8% per annum for 3 years.Solution
ATQ, Simple Interest (SI) = (P Ă— R Ă— T) / 100 = (5000 Ă— 8 Ă— 3) / 100 = 5000 Ă— 24 / 100 = 1200 Amount = Principal + SI = 5000 + 1200 = Rs 6,200.
During 2020-21 NAFED did what under Price Support Scheme?
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