The interest on Rs. 3500 at the rate of 7% for a period of 4 years is
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14000
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Answer:
Rs.980
Step-by-step explanation:
Investment(I)-Rs. 3500
Rate of Interest(R.I)-7%
Time(T)-4 years
Interest- I×R.I.×T/100
= 3500×7×4/100
= Rs. 980
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