Question

Ramesh deposits 200 rupees every month in the bank at the rate of 5% interest. State the addition after 1 year

Answer 1

Answer:

200÷100

=2

2×5%

=10 Rupees (per month Interest).

Answer 2

Step-by-step explanation:

Principal = 200

Rate = 5%

Time = 1 year

SI = P*R*T/100

= 200*5*1/100

= 2*5 = ₹10.

HERE IS YOUR ANSWER

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