1. Mr. Vijay deposits an amount of Rs. 45,500 to obtain a simple interest at the rate of 11 p.c.p.a for 3 years. What total amount will Mr. Vijay get at the end of 3 years?
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By: anil on 05 May 2019 01.27 am
Principal = Rs. 45,500 Rate of interest = 11% and time period = 3 years S.I. = $$frac{45500 imes 11 imes 3}{100}$$ = Rs. 15,015 $$ herefore$$ Required amount = 45,500 + 15,015 = Rs. 60,515
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