shailesh deposited RS 2,40,000
at simple interest 6.75 % what will be amount received at end of year
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A = p(1 + r)ⁿ
Write the interest rate in decimal
r = 8.5% = 0.085
Find the amount after 3 years:
A = 46000 ( 1 + 0.085)³
A = Rs 58,755.30
Find the interest:
Interest = 58,755.30 - 46000 = R
Write the interest rate in decimal
r = 8.5% = 0.085
Find the amount after 3 years:
A = 46000 ( 1 + 0.085)³
A = Rs 58,755.30
Find the interest:
Interest = 58,755.30 - 46000 = R
DS2003:
but y 3 yrs
here is no 3 yes mentioned
yrs*
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