A saving account pays 4% interest how much would be paid on deposit of 750
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1
Amount deposited is Rs.750
Rate of interest is 4%
Amount of interest paid = 4/100 * 750
= Rs. 30
Total amount he will receive = Deposit + Interest
= 750 + 30
= Rs. 780
Answered by
1
Initial deposit amount made by the person to the savings account = Rs.750/-
Rate of Interest = 4% of 750
= 4/100*750
= 3000/100
=> Interest paid = 30.
Total amount the person is eligible for in the savings account = Deposit + Interest
= Rs.750 + Rs.30
= Rs.780/-
=> Therefore, the man will have a total of Rs.780/- after the interest is credited.
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