My father deposits $ 3255 for 4months at 8%per annum. Find the simple interest he gets.
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Principal (P) =3255
Rate(R)=8%per annum
Time (T) =4 months
Simple Interest =(PRT) /100
simple Interest =(3255*8*4)/100*12
=104160/1200=86.8
Rate(R)=8%per annum
Time (T) =4 months
Simple Interest =(PRT) /100
simple Interest =(3255*8*4)/100*12
=104160/1200=86.8
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