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Question
The simple interest on a sum of ₹ P for T years at R% per annum is given by the formula: Simple Interest = `(T xx P xx R)/100`.
Options
True
False
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Solution
This statement is True.
Explanation:
`SI = (P xx R xx T)/100`
We can also write it as,
`SI = (T xx P xx R)/100` ...[Since, multiplication is commutative]
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