Question
Kavita has deposited ₹4000 with the bank for two years
at 6.25% simple interest per annum. What will be the total amount that Kavita will receive at the end of the two-year term?Solution
R=6.25% t=2 P= 4000 SI =4000×6.25×2)100 =50000/100=500 SI=500 Kavita will receive at the end of the two-year=4000+500=4500.
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