Rakesh lent out ₹ 8750 at 7% annual interest, Find the simple interest in 3 yr.

Question

Accepted Answer

Given, P = ₹ 8750., R = 7% T = 3 yr According to the formula. SI = (P x R x T)/100 = (8750 x 7 x 3)/100 = ₹ 1837.50

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