Question

Swara deposited 20000 in a bank at the rate of 7 p.c.p.a. How much
interest will she receive after 5 years?​

Answer 1

Answer:

SI = P×R×T/100 = 20000 × 7 × 5/100 = Rs 7000

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Answer 2

Answer:

Deposited in bank- 20000

Rate of interest- 7%p.a

Interest after 1 year= 20000×7/100=1400

Interest after 5 years= 1400×5=7000