Question 77

In questions 60 to 79, state whether the statements are True or False.
Amount received after depositing ₹ 800 for a period of 3 yr at the rate of 12 % per annum is ₹ 896.

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Solution

False

Given, P = ₹ 800, T = 3 yr and R = 12 %

$∴ I = \frac{P \times R \times T}{100} = \frac{800 \times 12 \times 3}{100} =$ ₹ 288

Also, amount, (A) = P + I = 800 + 288 = ₹ 1088
Hence, the amount received is ₹ 1088.

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Question 77 In questions 60 to 79, state whether the statements are True or False. Amount received after depositing ₹ 800 for a period of 3 yr at the rate of 12 % per annum is ₹ 896.

False Given, P = ₹ 800, T = 3 yr and R = 12 % ∴ I=P×R×T100=800×12×3100=₹ 288 Also, amount, (A) = P + I = 800 + 288 = ₹ 1088 Hence, the amount received is ₹ 1088.

Question 77

In questions 60 to 79, state whether the statements are True or False.
Amount received after depositing ₹ 800 for a period of 3 yr at the rate of 12 % per annum is ₹ 896.

False

Given, P = ₹ 800, T = 3 yr and R = 12 %

$∴ I = \frac{P \times R \times T}{100} = \frac{800 \times 12 \times 3}{100} =$ ₹ 288

Also, amount, (A) = P + I = 800 + 288 = ₹ 1088
Hence, the amount received is ₹ 1088.