What is the simple interest on a sum of ₹ 600 for 4 years at 7% per annum ?
168
Simple interest is calculated using the formula \(SI = \frac{P \times R \times T}{100}\), where P is the principal, R is the rate of interest, and T is the time in years.
Substituting P = 600, R = 7, and T = 4:
\(SI = \frac{600 \times 7 \times 4}{100} = 168\)
Hence, the simple interest is ₹168.
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