Basu deposited 35000 Rs. for 6 months in a bank if the rate of interest is 8.5 % per annum find the amount he got at the end of the term
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I = PRN/100
=( 35000×8.5×6)/100×12
= 1487.5
Ans= 35000+1487.5
=36487.5
=( 35000×8.5×6)/100×12
= 1487.5
Ans= 35000+1487.5
=36487.5
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