Rs. 10,000 are deposited at 7% per annum, find the interest after one year.
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Step-by-step explanation:
Given,
- principle=Rs.10000
- Rate %=7%
- Time =1 year
- simple interest=PTR/100
- =(10000×1×7)/100
- =700
Hence,the interst after 1 year is Rs.700
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