A bank pays simple interest at 4% per annum in first Rs5500 and an interest of 6% for amounts above that. Find the interest earned by sameera if she deposits Rs13250 with the bank for 2 years????
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Answered by
0
The interest earned is Rs.1411.10
Answered by
1
Step-by-step explanation:
=13250-5500
=7750
=(5500×4×2÷100)+(7750×6×2÷100)
=(440+930)
=1370
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