Question
A person invested Rs. 50,000 for 4 years at a simple
interest rate of 11%. What is the total amount after 4 years?Solution
ATQ,
Simple interest = 50000 × (11/100) × 4 = 50000 × 0.44 = Rs. 22,000
Amount = 50000 + 22000 = Rs. 72,000
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