Tuesday, 26 November 2019

Simple Interest Sum 3


3) Ravi deposits Rs 2500 in the bank at the rate of 12% p.c.p.a. for 4 years, what is the amount he will get at the end of the period?  


  I = P X R X T / 100 

  I = 2500 X 12 X 4 / 100  

  I = 1200 Rs


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