shikha deposited Rs2000 in a bank which pays 6% simple interest. She withdrew Rs700 at the end of first years. What will be her balance
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the answer is ₹ 1420
She deposited =2000
she get interest of =(2000×6)÷100=120
so net amount is =2000+120=2120
after withdrawing money ₹700
at the end of first year her bank balance will be =(2120-700)=1420
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