pls help me ty in advance
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Answered by
1
Answer:
Principal amount=62500
rate =8%p.a
time =7 year
Step-by-step explanation:
Simple interest =(62500×8×7)/100
interest=35000
Answered by
1
Step-by-step explanation:
Money deposited in the bank = ₹62,500.
Interest per annum = 8%.
Time = 7 years.
Simple Interest = ( Principal × Rate × Time )
( ₹62,500 × 8 × 7 )
Simple Interest = ₹ 3,500,000.
Amount = Principal + Interest
₹62,500 + 3, 500,000.
Amount = ₹ 3,562,500
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