If Sohan deposits ₹ 15,000 in the bank at the rate of 8.5 p.c.pa for 2 years. What is the amount he will get at the end of the period?
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Answer:
- principle ×rate ×time/100=si
- 15000×8.5×2/100=2550
- amount= si + principle
- amount=2550+15000
- amount=18550
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