anitha deposit rs 1000 in a saving bank and receive 1050
Answers
Answered by
0
Answer:
yes you are right
Step-by-step explanation:
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Answered by
1
Step-by-step explanation:
Principal amount (P) = Rs 1000
Time period (T) = 1 year
Rate of interest (R) = 5 % p.a.
Simple Interest =
100
P×R×T
=
100
1000×5×1
= Rs 50
Total amount paid after 1 year = Principal amount + Interest
= Rs 1000 +Rs 50
= Rs 1050
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