Bipin deposited rs 14000 in a bank at 8% simple interest . He withdrew rs 8000 after six month and the remaining money after 6 months .how much interest did he get in all.?
Class 8 Chapter - simple interest...
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Answer:
Bipin got rs. 1120 as interest.
Step-by-step explanation:
P = principal = 14000
R = rate of interest = 8%
T = time period = 6month + 6month
=1 year
Simple interest = PRT/100
= 14000×8×1/100
= 1120
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