if you deposit rs 500 in a bank at 8 p.c.p.a what interest will you get at the end of the year ​

if you deposit rs 500 in a bank at 8 p.c.p.a what interest will you get at the end of the year ​

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  1. Given : deposit rs 500 in a bank at 8 p.c.p.a

    To Find : interest at the end of the year ​

    Solution:

    P = 500 Rs

    R = 8 % per annum

    T = 1 year

    SI = P * R * T /100

    => SI = 500 * 8 * 1 /100

    => SI = 5 * 8

    => SI = 40

    interest at the end of the year = Rs 40

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