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What would be the annual interest accused on the deposit of ₹ 10000 in a bank that pay 4% per annum rate of interest |
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Answer» Answer: The ANNUAL Interest will be RS. 400. Step-by-step explanation: Principal = ₹ 10000 Rate = 4% p.a Time = 1 yr Simple Interest = (P*R*T)/100 = ₹ (10000*4*1)/100 = ₹400 Hope this helps. |
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