Mr.Shashank deposited Rs.1100/- in a Recurring Deposit account for 2 ½ years at 8% per annum simple interest. The interest earned by him on maturity is:
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Simple Interest = P x R x T/ 100
= 1100 x 8 x 5/100 x 2
= 44,000 / 200
= 220
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Simple Interest = P x R x T/ 100
= 1100 x 8 x 5/100 x 2
= 44,000 / 200
= 220
Pls marks me as brainliest so that I can help u more and more.
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