Find the simple interest for a sum of ₹ 25,000 invested for 2 years at 8 % per annum

Principal

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Interest rate

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Time taken to return loan

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Time of compounding

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Solution

The correct option is A
Principal

Given P = ₹ 25,000 R = 8% and T = 2 years

I = $\frac{P \times R \times T}{100}$

= $\frac{25, 000 \times 8 \times 2}{100}$

= ₹ 4000

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Find the simple interest for a sum of ₹ 25,000 invested for 2 years at 8 % per annum

The correct option is A Principal Given P = ₹ 25,000 R = 8% and T = 2 years I = P×R×T100 = 25,000×8×2100 = ₹ 4000

The correct option is A
Principal

Given P = ₹ 25,000 R = 8% and T = 2 years

I = $\frac{P \times R \times T}{100}$

= $\frac{25, 000 \times 8 \times 2}{100}$

= ₹ 4000