Question

James deposited a sum of 58,000 in a bank
for 5 years. If the bank pays interest on this deposit at 8% p.a, find how much money will James get from the bank at the end of 5 years.
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Answer 1

Step-by-step explanation:

sum =58,000

interest for per year = 8%

= 58,000×8×1 / 100

ans = 464000

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