How much interest is earned on Rs. $670$ at $2 %$ for ten years?

120

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134

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168

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153

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Solution

The correct option is C $134$
Simple interest, $I =$ $\frac{P R T}{100}$
Where, $P =$ principal $= 670$
$R = 2 % =$ rate
$T$ is time period $= 10$ years
$I =$ $\frac{670 \times 2 \times 10}{100}$
$I =$ Rs. $134$

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How much interest is earned on Rs. 670 at 2% for ten years?

The correct option is C 134Simple interest, I= PRT100Where, P= principal =670R=2%= rateT is time period =10 yearsI= 670×2×10100I= Rs. 134

How much interest is earned on Rs. $670$ at $2 %$ for ten years?

The correct option is C $134$
Simple interest, $I =$ $\frac{P R T}{100}$
Where, $P =$ principal $= 670$
$R = 2 % =$ rate
$T$ is time period $= 10$ years
$I =$ $\frac{670 \times 2 \times 10}{100}$
$I =$ Rs. $134$