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Question

Urvashi borrowed a sum of $R s . 5000$ form Debarati at the rate of $2 %$ per year. What is the interest paid by her at the end of $2$ years.

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Solution

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$\begin{matrix} P = 5000 R = 2 T = 2 I = \frac{P \times R \times T}{100} I = \frac{5000 \times 2 \times 2}{100} I = 200 \end{matrix}$

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