Question 23

Rahi deposited ₹ 600 in a bank that promised 8% simple interest per annum. If Rahi kept the money with the bank for 5 years, she will earn an interest of: 

Solution

Given

P=600

R=8%

T=5year

\$$S.I=\frac{P \times R \times T}{100}$$

\$$S.I=\frac{600 \times 8\times 5}{100}$$

\$$S.I=240$$


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