Find the amount for ₹5600 for 4 years at 10% p. a
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Answer:
Given,
Principal=5600rupees
Rate of interest=10% p.a
Time=4years
Therefore,
Simple Interest=(PXRXT)/100
=(5600x10x4)/100
=2240rupees
Therefore,
Amount=Principal+simple interest
= 5600+2240
=7840rupees
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