Dhananjay has recurring deposit account for 2 years at 8% simple interest he received Rupees 1500 as interest on maturity
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1.324.7 rupees I hope it will help you
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Answer:
by compound interest
C.I=p×r×t÷100 for one year
it means we have to take out the principle
p=100×interest÷r×t
put in equation you will get the answer
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