Sujit deposited ₹ 4500 in a bank for 5 years at a rate of 9 p.c.p.a. what is the total amount he would receive at the end of the period?
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Answer:
6525
Step-by-step explanation:
Simple interest= ptr/100
simple interest= 4500*5*9/100= 2025
Therefore after 5 years, Sujit receives 4500+2025=6525
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