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Find the simple interest on Rs 35,000 at 9% per annum for 2 years?

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Find the simple interest on Rs 35,000 at 9% per annum for 2 years?

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Principal P = Rs 35,000 

Rate of interest r = 9 % Per annum 

Time (n) = 2 years 

Simple Interest I = \(\frac{pnr}{100}\)

= \(\frac{35000\times2\times9}{100}\)

 

= Rs 6300 

Simple interest I = Rs 6300

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