unit-14-commercial-mathematics

Unit-14 Commercial Mathematics

In this unit you will learn about profit and loss, various taxes, shares and debentures.

Find the simple interest paid on Rs.2000 at 7% rate of interest in 4 years?

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Learning Pundits Content Team
Written on Jun 25, 2019 11:12:12 AM

P = Rs.2000

r = 7% = 0.07

t = 4

I = Prt = Rs.(2000 × 0.07 × 4) = Rs.560