Q1 of 30 Page 121

Use the formula to find simple interest and amount.

Given: Principal (P) = Rs. 1,25,000, Rate of Interest (R) = 12% and Number of years (T) = 2year

As simple interest (SI):




⇒ SI = Rs. 30000


As we know,


Amount = P + SI


A = 125000 + 30000


⇒ A = Rs.155000


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