Rakesh deposits Rs . 1000 every month in recurring deposit account for 3 years at 10 % S.I p.a. Find the interest earned by him in 3 years
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Answer:
300
Step-by-step explanation:
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principal - 1000
time - 3 years
rate per annum - 10%
SI= PxRxT/100
=1000x10x3/100
= 300 rupees
SI = RUPEES 300
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