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Quantitative Aptitude

Mixture & Alligations

Suppose Shiva...

Question

Suppose Shiva deposits Rs. $1, 000$ in a bank for $5$ years for simple interest at the rate of $8$ % per annum. Calculate what he earns as interest over the years and tabulate it.

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Solution

$P = R s .1, 000, T = 5 y e a r s, R = 8 % S . I = P R T / 100 ⟹ \frac{1, 000 \times 8 \times 5}{100} = 400$

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