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Understanding Simple Interest

Find the simp...

Question

Find the simple interest on $R S 6000$ for $1 \frac{1}{2}$ years at $4 %$ p.a.

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Solution

$P = 6000 R = 4 T = \frac{3}{2} I = \frac{P R T}{100} I = \frac{6000 \times 4 \times \frac{3}{2}}{100} 30 \times 4 \times 3 = 360$

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