If Principal is ₹4000 , Rate is 10% per annum, Time is 3 months what will be the intrest and amount?
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principal=₹ 4000
rate of interest =10%
time =3 month=3/12 year=1/4 year
interest =rate of interest ×time× principal/100
=₹ 10×1×4000/100×4
=₹100
interest=₹100
amount=₹(4000+100)=₹4100
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