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A sum of Rs.7500 is lent for 5 years at the rate of 12% per annum. Find simple interest. |
4500 9000 6500 5700 |
4500 |
The total Simple Interest received in 5 years = 12 × 5 = 60% Simple Interest = Principal × 60% = 7500 × 60% = Rs.4500/- |
