calculate the amount that will be in the bank after 5 years if R4000 was invested at 7% .p.a . Simple Interest .
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Answered by
1
SI = P×T×R/100
P= 4000
R= 7%
T= 5 yrs
SI= 4000×7×5/100
SI=1400
Hope it helps
P= 4000
R= 7%
T= 5 yrs
SI= 4000×7×5/100
SI=1400
Hope it helps
neerajmodgil85pc43rj:
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Answered by
1
Principal =₹4000.
time=5 years.
interest rate=7℅p.a.
simple interest = Principal× time× interest rate /100
= ₹ 4000×5×7/100=₹1400. So amount= principal+ simple interest= ₹4000+₹1400=₹5400.
time=5 years.
interest rate=7℅p.a.
simple interest = Principal× time× interest rate /100
= ₹ 4000×5×7/100=₹1400. So amount= principal+ simple interest= ₹4000+₹1400=₹5400.
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