4. Saransh deposited 75000 in his saving bank
account. The bank pays an interest of 5% per
annum. What interest will he receive after 3
years?
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Answer:
75000*5/100*3=11250
Amount= Principal + Interest
Principal = Rs 75000
Interest= (P×R×T)/100
= (75000×5×3)/100
= 750×15
= 11250
Therefore Amount = Principal + Interest
= 75000+11250=86250 (ans)
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