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John makes a deposit of Rs 40 000 in a bank which pays interest end of each year. The rate of interest is 15% per annum.
Calculated the interest for the first year and second year.

Sagot :

Answer:

1st year interest = 6000, 2nd year interest = 12000

Step-by-step explanation:

Rs 40,000

15% of 40,000 = 6000

year 1 = +Rs 6000

year 2 = +Rs 6000 x 2 = 12000

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