sunil deposited rs 12000 with a finance company at the rate of 9.5%per annum compunded annually for 2 years. calculate the interest received by him after 2 years.
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Answer:
interest is rs. 2280
Step-by-step explanation:
we know that
simple interest=p×r×t/100
12000×9.5×2/100
120×9.5×2=2280
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