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Simple interest

Commercial arithmetic · Mathematics

Study notes

Q: ₹5,000 lent at 8% per annum for 3 years. Find SI and amount. Step 1: SI = P × R × T / 100 = 5000 × 8 × 3 / 100. Step 2: SI = 5000 × 24/100 = ₹1,200. Step 3: Amount = 5000 + 1200 = ₹6,200.

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