Example 14 - Chapter 7 Class 7 Comparing Quantities

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Example 14 Anita takes a loan of Rs 5,000 at 15% per year as rate of interest. Find the interest she has to pay at the end of one year. P = Rs 5000 R = 15% p.a T = 1 year S.I = 𝑃𝑅𝑇/100 = (𝟓𝟎𝟎𝟎 × 𝟏𝟓 × 𝟏)/𝟏𝟎𝟎 = 50 × 15 = Rs 750 ∴ Anita has to play Rs 750 as interest at the end of one year

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo