Question 139
Ms suchi deposits an amount of 24000 to obtain in a simple interest at the rate of S.I 14 p.c.p.a for 8 years .what total amont will ms suchi gets at the end of 8 years
Solution
Amount deposited = Rs. 24,000
Rate = 14 % and time = 8 years under simple interest
=> $$S.I. = \frac{P \times R \times T}{100}$$
= $$\frac{24000 \times 14 \times 8}{100}$$
= $$240 \times 112 = Rs. 26,880$$
$$\therefore$$Total amount will ms Suchi gets at the end of 8 years
= $$24000 + 26880 = Rs. 50,880$$
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