Tuesday, 26 November 2019

Simple Interest Sum 5


5) If Mohan deposits Rs 11000 in a saving account for 2 years at the rate of 10%p.a. How much interest will he get at the end of the 2 years?


   I = P X R X T / 100

   I = 11000 X 10 X 2 / 100

   I = 2200 Rs 


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