Saroda deposited Rs 28000 in a finance company which pays 16 percent interest per year. Find the amount she is expected to get after 5 years.
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22400 is the final ans
deep420:
amount is always greater than principle
plz give me full answer step by step
amount. =28000×16×5/100=22400rs amount =22400+2800=50400rs.
Interest=28000×16×5/100=22400rs amount=22400+28000=50400rs
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' by using formula of simple interest 22400
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