Evelyn
Jan 20, 2021

answers: 1

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Answer:

➤ Given :-

Principle :- ₹ 25000

Rate of interest :- 8%

Time :- 3 years

➤ To Find :-Simple Interest of the given sum

➤ Formula required :-➤ Solution :-Simple Interest :-

The simple interest of the given sum is ₹ 6000.

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Some related formulas :-Principle :-

Rate of interest :-

Time :-

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More to know :-- Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
- Principal is the amount given at first from lender to borrower.
- Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
- Time is given for the borrower to return back the given money with the given interest.

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Jan 20, 2021

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