Shikha deposited rs2000 in a bank which pays 6% simple interest she withdrew rs700 at the end of the first year. What will be her balance after 3 years
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Answer:
2176rs
simple interest = p×r×t/100
for first year = 2000×6×1/100
120rs
subtract principal = 2000-700
1300rs
interest = 1300×6×2/100
156rs
total interest = (156+120)rs
176rs
amount =( 176+2000)
2176rs
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