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Question 47

In questions 24 to 59, fill in the blanks to make the statements true.
Interest on Rs. 3000 at 10 % per annum for a period of 3 yr is ___ .


Solution

Given, P=Rs.3000, R=10% and T=3 yr
We know that, I=P×R×T100=3000×10×3100=Rs.900
Hence, Interest is Rs. 900.

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