what sum of money will amount to RS. 2400 at the rate of 5% p. a. in 4 years
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Answer:
₹2880
Step-by-step explanation:
Principal =₹ 2400 ; Rate = ₹ 5% & Time = 4 years
Simple interest = p×r×t /100
= 2400×5×4/100
= ₹480
Amount = Principal + si
= ₹(2400 + 480 )
=
= ₹2880
Hence,
the amount is ₹2880.
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