sunita deposited RS 8500 in a bank for 3½ years . If the bank pays simple interest at the rate of 8% per annum, how much amount will she receive after the expiry of the period
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Answer:
P=8500
R=18%
T=3 yr
SI=
100
PRT
=
100
8500×18×3
=4590
A=SI+P
=4590+8500
=13,090
the amount Vineet will receive after 33 years is Rs 13,090.
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