A man deposits Rs8000 in a bank on25th March in 2003 and closed his account on23st August of the same year.if the bank allows an interest of 9% per annum what ammount does he get
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Answer:
P = 8000
R = 9%
T = 1 year + 1/4 year
A = 8000 (1+ 9/100)^1
= 8000 x 109/100
= 8720
S.I. = 8000 x 9 x 1 100 x 4
= 180
The total amount the man get
= 8720 + 180
= 8900
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