Question

Amit deposit rupees 5000 in a bank which pays 8% per annum interest on deposit how much interest interest will he get at the end of 4 year
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Answer 1

Step-by-step explanation:

P=5000

Rate=8%

Time=4 years

Simple Interest=P×R×T/100

=5000×8×4/100

=1600

Answer 2

Answer:

interest = 1600

Step-by-step explanation:

P = 5000

R = 8%

T = 4 yr

interest = P × R × T / 100

interest = 5000 × 8 × 4 / 100

interest = 1600