find the amount if principal =₹5000, rate of interest =4%, and time =1 year
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Answer:
Rs. 5200
Step-by-step explanation:
Principal = Rs. 5000
Rate = 4%
Time = 1 year
SI = PRT/100
SI = (5000 × 4 × 1)/100
After cancelling zero,
SI = 50 × 4
SI = Rs. 200
Amount = Principal + Simple interest
Amount = Rs. 5000 + Rs. 200
Amount = Rs. 5200
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