Amount received on ₹3000 for 3 years at the rate of 1.1% p.a is
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Step-by-step explanation:
Meeting ID: 563 100 9675 Passkey: 1111 on zum
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Answer:
Answer
Principal=Rs.3000,
Time=2years
Rate=11%p.a.
Interest=
100
P×R×T
T= Time period
R%= Rate of interest
P= Principal
=3000×
100
11
×2
⇒Rs.660
Amount=P+PI
=3000+660=Rs.3660
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