Rohit deposits 3000rupees in State Bank of India for a year at the rate of 8 p.c.p.a.what is the amount he gets after one year
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Step-by-step explanation:
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Step-by-step explanation:
principal P = 3000 rupees
rate R = 8%
time T = 1 year
Total interest I = PRT/100
= 3000×8×1/100
= 240 rupees
Total amount = P+I
=3000+240
=3240 rupees
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