ramesh deposited 10000 for 4 yrs at a rate of 6%p.a. find the interest and the amount that ramesh got?
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ramesh deposited 10000 for 4 yrs at a rate of 6%p.a. find the interest and the amount that ramesh got?
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question:⤵️
ramesh deposited 10000 for 4 yrs at a rate of 6%p.a. find the interest and the amount that ramesh got?
Answer:⤵️
Principal (P) = $ 10000,
Time (T) = 4 years,
Rate (R) = 6% p.a.
Simple Interest (SI) = {Principal (P) x Rate (R) x Time(T)}/100
= (10000 x 6 x 4)/100
= $ 2400
Amount (A) = Principal (P) + Interest (I)
= 10000 + 2400
= $ 12400
The interest ramesh got = $ 2400.
Therefore, the amount ramesh got $ 12400.
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Answer:
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