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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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