Question
Priya put Rs. 6,800 in a scheme offering simple interest at
8% p.a. for 4 years. What will be the total amount she gets?Solution
ATQ,
Simple interest = Principal × Rate × Time ÷ 100
Interest earned = 6,800 × 8 × 4 ÷ 100 = Rs. 2,176
Required amount = 6,800 + 2,176 = Rs. 8,976
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