rahul invests $ 25,000 annually at the rate of 6% for 3 years in a recurring deposit . how much amount will he get af the end of 3 years ?
The ans is 29,500 please give explanation
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Answered by
2
Answer:
I think 4,500 is answer plz make brainlist
Answered by
14
Step-by-step explanation:
principal is 25,000
rate is 6%
time is 3 years
formula of find the simple interest is
principal× rate × time/100
according to question ,
25,000× 6× 3/100
=250×6×3
=simple interest =4,500
=amount = principal + simple interest
=25,000+45,00
=29,500
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