Simple Interest on ₹2 लाख at 7% for 3 वर्ष
Simple interest on ₹2,00,000 at 7% for 3 वर्ष: interest = ₹42,000, total amount = ₹2,42,000.
Interest Earned
₹40,000
Total Amount
₹1,40,000
Simple Interest = P x R x T / 100. Interest is calculated only on the original principal, not on accumulated interest.
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