Malhar invested Rs7000 in a scheme for 5years at the rate of 12% p. c. p. a. what is the total interest he received at the end of the period
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Answered by
1
Step-by-step explanation:
simple interest = PNR/100
= 7000*1*12/100
= 70*12
= 840₹
Answered by
1
Step-by-step explanation:
p = Rs7000
t = 5 years
R% = 12%
I = ?
I = p × t × r / 100
I = 7000 × 5 × 12 / 100
I = 4200
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