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Sahara deposit 5000 in a bank at 10% rate of interest how much amount will be in her account after 1 year 2 and 3 respectively |
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Answer» Answer: 1 year = ₹5500 2years =₹6000 3years=₹6500 Step-by-step EXPLANATION: Principle=5000 Rate of interest =10% Time period=1 year Simple interest = P×T×R/100 =5000×1×10/100 =₹500 Now : Amount = P+I =₹5000+₹500 =₹5500
Repeat the same process by changing the time PERIODS (2years and THREE years RESPECTIVELY ) |
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