Simple Interest on ₹50 लाख at 7% for 10 वर्ष
Simple interest on ₹50,00,000 at 7% for 10 वर्ष: interest = ₹35,00,000, total amount = ₹85,00,000.
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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