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Answer :
Final answer:
The simple interest on Rs 7000 at a rate of 9% p.c.p.a. for 2 years is Rs 1260.
Explanation:
To calculate the simple interest, we can use the formula:
Simple Interest = Principal x Rate x Time
Given:
- Principal (P) = Rs 7000
- Rate (R) = 9% per annum (p.c.p.a.)
- Time (T) = 2 years
Substituting the values into the formula:
Simple Interest = 7000 x 9/100 x 2 = 1260
So, the simple interest on Rs 7000 at a rate of 9% p.c.p.a. for 2 years is Rs 1260.
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