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Mr. Madhur deposits an amount of ₹ 58750 to obtain a simple interest at the rate of \( 12 \% \) per annum for 4 years. What total amount will Mr. Madhur get at the end of 4 years? |
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Answer» P = principal amount = Rs. 58750 R = 12% per annum T = 4 years \(\therefore \) S. I. = \(\frac{PRT}{100} = \frac{58750\times2\times4}{100}\) = 28200 \(\therefore \) Amount after the end of 4 year is A = P + S. I. = 58750+ 28200 = Rs.86950 |
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