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Simple Interest

The interest ...

Question

The interest gained when $1000$ is deposited for $3$ yrs at $5 %$ as rate of interest .

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Solution

$P = 1000 R = 5 T = 3 I = \frac{P R T}{100} \frac{1000 \times 3 \times 15}{100} = 1500 R s .$

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