Ramesh deposit 7200 in a saving bank account which pays interest at the rate of 11 by 2% half yearly. How much interest will he get after 5 by 2 years?
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PRINCIPAL--- Rs.7200
RATE OF INTEREST--- 2°/•
•°• YEARLY RATE OF INTEREST--- 4°/•
TIME--- 5/2
EQUATION :-
7200×4/100×5/2
ANSWER :- Rs.720
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