Question 45

Saathi deposited ₹ 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of :

Solution

The correct option is C.

SI = $$\frac{p\times r\times t}{100}$$

= $$\frac{825\times8\times5}{100}$$ = 330

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