Anthony deposited rs.2,40,000 in a bank for a period of 9 months. The bank credits the interest quarterly at a 10% annum. What interest did he get at the end of 9 months?
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principal=240000
Intrest Rate= 10%p.a.
Time=9 months
Intrest=Principal×Time×Intrest rate
=240000×9/12×10/100=18000
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