Amit deposit₹8000 which amounted₹9200 after 3 years are simple interest.intreste had been 2 percent more he would get how much
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Answer:
Total gain in three year with simple interest = 1200.
Hence gain in a year =400. Hence rate of interest will be (400/8000) x100 = 5%
Total gain in three year with rate of interest on 7% (i.e.5+2)will be 8000x3x7/100 =1680. Total amount she will get will be 8000+1680= Rs.9680
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Step-by-step explanation:
8000 ___3Y = 1200____9200
1Y =400
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