Short Answer Questions
1. Amount received on 3,000 for 2 years at the rate of 11% per annum is
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Answer:
given,
p = 3000
t = 2
r = 11
si= p × r × t / 100
= 3000 × 11 × 2/ 100
=660
Amount = p + si
= 3000 + 660
=3660
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