Question

93) If you deposit deposit rs 500 in a bank at 8 p. c. pa what interest well you get at the end of the Year
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Answer 1

$\huge\underline\red{αɳรωεɾ}$

Given :

$\implies\sf \: Amount = ₹ 500$

$\implies \sf \: Rate = 8\%$

$\implies \sf \: Time = 1 \: year$

$\sf\huge\fbox \green {Interest after a year is:}$

$= \sf \frac{(Amount×Rate×Time)}{100}$

$\implies\sf \frac{(500×8×1)}{100}$

$\implies\sf₹ \: 40$

$\huge\fbox\orange{YellowVine❤}$

Answer 2

Answer:

P = 500

R = 8%

T = 1

We know,

Interest = P×R×T/100

= 500×80×1/100 = 40000/100 = 400 Ans