Find the simple interest earn on a deposit of ₹8000 for 7 years at 5 – InterviewSolution

1.

Find the simple interest earn on a deposit of ₹8000 for 7 years at 5% per annum.

Answer»

<P>Answer:

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Step-by-step explanation:

Simple Interest = (P × R × T) / 100

= (8000 × 5 × 7) / 100

= (80 × 35)

= 2800

Simple Interest = 2800

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