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
Answers
Answered by
22
Step-by-step explanation:
P=5000
Rate=8%
Time=4 years
Simple Interest=P×R×T/100
=5000×8×4/100
=1600
Answered by
14
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
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