Find the Amount with respect to principal and simple interest of question 8 ?
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2160 = Rs 3840
Page No 13.8:
Question 8:
Anita deposits Rs 1000 in a savings bank account. The bank pays interest at the rate of 5% per annum. What amount can Anita get after one year?
ANSWER:
Principal amount (P) = Rs 1000
Time period (T) = 1 year
Rate of interest (R) = 5% p.a.
Interest = P×R×T100=1000×5×1100 = Rs 50
Total amount paid after 1 year = Principal amount + Interest = Rs 1000 + Rs 50
= Rs 1050
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