Question

How much would be the final value of deposit if rs 70000 deposited in a bank for 2 yrs n 4 months at simple interest of 6%

Answer 1

I= PTR/100

I=₹70000*28months*6/100

I=700*28*6

I=₹117600

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Answer 2

SI = p*r*t/100

= 70000*7*6/100*3

=9800

Amount=p+SI

hence, the final value is 79800ans