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Simple Interest

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Question

The simple interest of a certain sum of money $R s . 61$ at rate of $5 %$ p.a. for $3$ years is

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Solution

$P = 61 R = 5 T = 3 I = \frac{P R T}{100} I = \frac{61 \times 5 \times 3}{100} = \frac{183}{20} = 9.15 r s$

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