Calculate the simple interest in the following cases:
$P=4800Rs,T=3$ $P = ₹ 8600$ , $T = 2$ years $,R=6\%$ , $R = 8 %$ per annum.

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Solution

Given :
$P=4800Rs,T=3$ $P = ₹ 8600$ , $T = 2$ years $,R=6\%$ , $R = 8 %$ per annum.
Simple Interest $= \frac{P \times R \times T}{100}$
Simple Interest $= \frac{8600 \times 2 \times 8}{100}$
S.I. $= 86 \times 16$
S.I. $= 1376$
Hence, the simple interest is $₹ 1376$

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