Q1 of 30 Page 121

Use the formula to find simple interest and amount.

Given: Principal (P) = Rs. 1,50,000, Rate of Interest (R) = 10% and Number of years (T) = 3year

As simple interest (SI):




⇒ SI = Rs. 45000


As we know,


Amount = P + SI


A = 150000 + 45000


⇒ A = Rs.195000


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