Answered

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Calculates the simple interest on R3500 invested at 6% per annum for 3 years

Sagot :

kumarmukul102

Answer:

Given,

principal amount (PA) = 3500

rate of interest= 6%

Time =3yrs.

Simple Interest= P*R*t/100

SI = 3500×6×3/100

  • =630 rs.
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