Find the amount from investment of ₹4500 for two years at 5 paise per rupee interest .
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Interest for 1 rupee = 5 paise interest fot 100 rupees = 500 paise = 5 rupees So rate = 5%, T = 2 years, P = Rs 4500 Putting these values in formula Interest = 4500*5*2/100 = Rs 450 Amount = 4500 + 450 = Rs 4950
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