Math, asked by lionelmessi5797, 1 month ago

what is the maturity value of a fixed deposit worth 2,000 kept for 4 years at simple interest​

Answers

Answered by tanwarnikhil207
1

Simple interest is the interest earned on an investment at a pre-decided rate of interest for a specific period of time. It is calculated by multiplying the principal amount, the rate of interest per annum and the time for which the money is lent in years.

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