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A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest wi
Practice Questions
Q1
A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)
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Questions & Step-by-Step Solutions
A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)
Steps
Concepts
Simple Interest
– The calculation of interest earned on a principal amount over a specified period at a fixed interest rate.
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