NCERT Exemplar Solutions
Class 7 - Mathematics - Unit 7: Comparing Quantities - True or FalseQuestion 64
Class 7 - Mathematics - Unit 7: Comparing Quantities - True or False
Question. 64
The simple interest on a sum of ₹ P for T years at R% per annum is given by the formula: \(\dfrac{T \times P \times R}{100}\).
Answer:
true
Detailed Answer with Explanation:
This is the correct formula for simple interest. Hence true.