Question

simran deposited ₹12500 in a bank , which pays simple interest at 8% per annum. find the interest she will receive at the end of 4 years
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Answer 1

Answer:

Simple Interest is 4000

Step-by-step explanation:

Principle=₹12500

Rate=8%

Time=4 years

Simple Interest=p*r*t/100

                       =12500*8*4/1000

                        =4000

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