a certain sum amounts to rs 4000 at the end of 5 yrs at 12% interest. fund the sum.
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Example 1: If Rs. 4000 is invested at 8% p.a. simple interest for 5 years, find the interest.
Example 1: If Rs. 4000 is invested at 8% p.a. simple interest for 5 years, find the interest.Sol: simple interest formula: 4000 × 8 × 5/100 = Rs. 1600 .
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