If Ram deposits Rs. 1,500 in the school’s savings Bank at 6 p.c.p.a. for 3 years. What will be the interest.
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Answer:
Rs.270
Step-by-step explanation:
here,
principal =1500
time=3yrs
rate=6%
we known,
interest =ptr/100
=1500×3×6/100
=rs.270
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