5. Robert deposited 15000 in a finance company which pays an interest of 14% per annum for 512 years.
Find the amount he is expected to get after the specified period.
6. Find the interest on 7000 at 612% per annum for 292 days.
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Answer:
5.Principal=RS.15,000
Rate of interest=14% p.a
Time=512 years
Simple interest=P×R×T÷100
=15000×14×512÷100
=RS.10,75,200
6.Principal=7,000
Rate of Interest=612 %p.a
Time=292 days=292÷365 year
Simple interest=P×R×T÷100
=7000×612×292÷100×365
=1,25,09,28,000÷36500
=RS.34,272
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