A man wishes to invest ₹ 1500 . He can invest in Lintplus Investment club which pays simple interest of 8% for 3 years. What is the amount in his account after 3 years
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SI = P×R×T/100
= SI= 1,500×8×3/100
= SI = 360
Amount = Principal + SI
= Amount = 1,500+360
= Amount = ₹1,860
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