8. Raju deposited 16,000 in a bank for one year a
an interest rate of 8 p.c.p.a. How much interest will
he get at the end of the year?
Answers
Answered by
1
Answer:
Rs. 1280
Step-by-step explanation:
Interest = (P × R × T)/100 = (16000 × 8 × 1)/100 = 128000/100 = Rs. 1280
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Answered by
1
Answer:
he will get rupees
Step-by-step explanation:
so first we have to find the interest
interest = principle * rate of interest * no.of years/100
interest = 16000 * 8 * 1/100
interest = 160*8 = 1280
interest = 1280
total amount he'll get = interest + principle
total amount = 16000+1280
total amount = 17280
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