What would be the simple interest accrued in 4 yr on a principle of ₹ 18440 at the rate 15% per annum?

Question

Accepted Answer

Given, P = 18440, R = 15%, T = 4 ∴ Simple interest (SI) = (P x R x T) / 100 = (4 x 18440 x 15) / 100 = ₹ 11064

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