Question

12,000 at 6.5% rate of interest for 4 months​

Answer 1

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Principal=12000

Rate of interest=6.5%

Time=4 months

Simple interest= P(1+r×t)

12000(1+6.5×4)

$12000(1 + \frac{ \cancel{65}}{ \cancel{10}} \times \cancel 4)$

12000(1+12)

12000+144000=156000

So amount at the ₹12000 at the rate of 6.5% for 4 months is ₹156000

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