Question

Reena deposited Rs 12,000 in a bank at the rate of 10% simple interest pre annual
Find the simple interest after 4 years

Answer 1

Solution:-

On Rs 100 interest  charged for 1 year is 10 Rs.

So,

On Rs 12,000 Interest Charged = $\frac{10}{100}$× 12,000

=> 1200

Interest for 4 year 1200 × 4 = 4800

Amount to be paid at end  of 4 years = Principal + Interest

=> 12,000 + 4800

=> 16800 Rs  

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@GauravSaxena01