`3) ₹ 750 is invested in a bank at a simple interest of 4.25% per annum for four years. What is the amount that will be accured at the end of the 4-year period?
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Answer:
Rs.877.50
Step-by-step explanation:
Principal= 750
Rate of interest = 4.25 %
Time = 4 yrs
Interest = P×T×R / 100
= 750 × 4.25 × 4 /100
= Rs.127.50
Amount = Principle + Interest
= 750 + 127.50
= Rs. 877.50
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