03. Ram made a fixed deposit Rs.26,000 in a bank which gives interest 9% pa. How much total interest amount Ram
gets after 5 years?
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Principal=26000 Rs
Rate of interest=9%
Time=5 years
Si=PRT/100
Si=(26000*9*5)/100
= 260*9*5
=11700 Rs.
The interest is Rs. 11700
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