Mohan gets an amount of Rs4480 on depositing Rs3500 at the rate of 7% – InterviewSolution

1.

Mohan gets an amount of Rs4480 on depositing Rs3500 at the rate of 7% pa. The interest earned by her is:

Answer»

Answer:

980

Step-by-step EXPLANATION:

Simple INTEREST= AMOUNT- Principal

Here, Principal is 3500 and Amount is 4480 so on SUBTRACTING we get 980.

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