Question

Find interest on 40,000 at rate of 3% annualy for 4 year investment

Answer 1

Answer:

$simple \: interest \: = \frac{principal \times rate \times time}{100} \\ = \frac{40000 \times 3 \times 4}{100} = ₹4800$

₹4800 is the right answer.

Answer 2

Answer:

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