rs 7000 left in a bank for 10 years at simple interest amounts to rupees 9800 what would this amount amount to another 5 years at the same rate
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Interest in 10 years = 9800 - 7000 = Rs . 2800 We know , S . I = P × R × T 100 2800 = 7000. Interest in next 5 years , Interest = 9800 × 4 × 5 100 = 98 × 20 = Rs .
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