Ramesh deposit a sum of rs 12000 in a nationalised bank at a certain rate of interest for 2 years and earn an interest of rs 900. how much interest would he earn for a deposit of rs 15000 for the same period and at the same rate of interest?
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Answer:
Step-by-step explanation:
Principal=12000
Time=2 years
Interest=900
Rate of interest=900*100/2*12000
=3 3/4%
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