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Simple Interest | Simple Interest Exercise 13.1

Question 5

A person deposits Rs 25000 in a firm who pays an interest at the rate of 20%per annum. Calculate the income he gets from it annually.

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Given Principal amount P = Rs 25000

Time period T = 1 year

Rate of interest R = 20% p.a.

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (25000 × 1 × 20)/100

= Rs 5000

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Our top 5% students will be awarded a special scholarship to Lido.

subject-cta

Question 5

A person deposits Rs 25000 in a firm who pays an interest at the rate of 20%per annum. Calculate the income he gets from it annually.

Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

Given Principal amount P = Rs 25000

Time period T = 1 year

Rate of interest R = 20% p.a.

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (25000 × 1 × 20)/100

= Rs 5000

Our top 5% students will be awarded a special scholarship to Lido.

subject-cta
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