ii) Mohit deposited a sum of 12000 in a Bank at a certain rate of interest for 2 years and earns an
interest of 900. How much interest would be earned for a deposit of 15000 for the same period and
at the same rate of interest
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Answer:
Interest = 1125
Step-by-step explanation:
Interest = P × R/100
900= 12000 × R/100
Rate= 7.5%
Interest = P× R/100
Interest = 15000× 7.5/100
Interest = 1125
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