A child friendly bank announces a savings scheme for school children. They will give kiddy
banks to children. Children have to keep their savings in it and the bank collects all the
money once in a year. To encourage children savings, they give 6% interest if the amount
exceeds by 10000, and other wise 5%. Find the interest received by a school if they
deposit is 9000 for one year.
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Answer:
p= 9000Rs n=1yr r=5%
SI=PNR/100
=9000*1*5/100
=450Rs
A=p+i
=9000+450=Rs9450
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Answered by
2
Hi Aadya
I think you don't forget me I deleted my account and bow I have another account called Debbie d cruze
Thank you have a nice day
I am just handling this account
Have a nice day
Kim A_R_
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