If you deposite Rs 4000 in a bank at 8 p. c. p. a . what would be the interest for one year.
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Answer:
₹ 320
Step-by-step explanation:
p = 4000
r = 8 pcpa
n = 1 year
simple interest = p x r x n /100
= 4000 x 8 x 1 /100
=40 x 8 x 1
= ₹320
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