Question

1700 invested at 16% find amt after 1 yera

Answer 1

Hi friend
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Your answer
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Principal = Rs 1700

Rate of interest = 16%

Time = 1 year

Then,
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Simple interest = (Principal × Rate of interest × Time)/100

$\frac{1700 \times 16 \times 1}{100} = 272$
Therefore,
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Simple interest = Rs 272

Amount = Principal + Simple interest

= Rs (1700 + 272)

= Rs 1972

HOPE IT HELPS