Question

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?​

Answer 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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Answer 2

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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