What will be the amount for a principal of one and a half lakh rupees kept for 4 years at the rate 6.5 p.c.p.a ?
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Step-by-step explanation:
simple interest= P×R×T/100
= 50000 ×6.5×4/100.
= 500×6.5×4
= 2000×6.5
= 13000 rupees
amount = principal + interest
= 50000+ 13000
= 63000 rupees
hope this helps you
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