Question

15. What is the maturity value of a
fixed deposit worth Rs 2,000 kept for
4 years at 12% simple interest
k
O a) 296
O b) 2,960
O c) 2,480
O d) None of these​

Answer 1

Answer:

b.2960

Step-by-step explanation:

formula=pxr/100xt

2000x12/100x4=2960.

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