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Question
Find the simple interest on ₹ 35,000 at 9% per annum for 2 years?
Solution
350
× 18
2800
3500
6300
Principal P = ₹ 35,000
Rate of interest r = 9% per annum
Time (n) = 2 years
Simple Interest I = `"Pnr"/100`
= `(35000 xx 2 xx 9)/100`
= ₹ 6300
Simple intrest I = ₹ 6300
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