A sum of rs.1000 is invested at 8% simple interest per year.Calculate the interest at the end of each year. Do these interest form an A.P.?If so ,find the interest at the end of 30 years making use of this fact.
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The interests at the end of each year are Rs.80, Rs.160 and Rs.240.
Yes, the interests form an AP and interest at the end of 30 years is Rs 2400.
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