I deposited Rs 500 in a bank. If the bank offers 5 per cent simple interest per years, what amount of money will i have after 3 years
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S .I.=principal +(rate/100×principal×year
=500+5/100×3×500
=500+75
=575
therefore you will have R.S=575 at the end of 3 yrs
=500+5/100×3×500
=500+75
=575
therefore you will have R.S=575 at the end of 3 yrs
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