1. Mr. Madhur deposits an amount of Rs. 58,750/- to obtain a simple interest at the rate of 12 p.c:p.a:for years. What total amount will Mr. Madhur get at the end of 4 years?
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By: anil on 05 May 2019 01.27 am
Principal amount = Rs. 58,750 Rate of interest = 12% and time period = 4 years Simple interest = $$frac{58750 imes 12 imes 4}{100}$$ = Rs. $$28,200$$ Total amount Mr. Madhur will get = 58750 + 28200 = Rs. 86,950
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