A sum of rs7500 was deposited in a bank on 1st February,2004 and withdraw on 14th April 2004.if the bank pays simple interest at 6% per annum,find the amount
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Answer:
7575 Rupees
Step-by-step explanation:
February and April are 2 months apart. So, we get 1% more money. So, we multiply 7500 by 1.01 to get
7575 Rupees
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