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Saroj invested 20000 rupee in fixed deposit at the rate of 10% simple interest.After every 3 rd year he added interest to principal. Find the interest earned at the end of 6 year.
  • a)
    7800
  • b)
    8000
  • c)
    7600
  • d)
    8200.
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Saroj invested 20000 rupee in fixed deposit at the rate of 10% simple ...
Answer – a)7800 Explanation : For the first 3 years SI will be = 20000*10/100*3 = 6000 Now he add 6000 to the principal i.e = 20000+6000 = 26000 Now interest earned at end of 6 year = 26000*10/100*3 = 7800
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Most Upvoted Answer
Saroj invested 20000 rupee in fixed deposit at the rate of 10% simple ...
Given:
Principal amount (P) = 20000 rupees
Rate of interest (R) = 10%
Time period (T) = 6 years

Calculation:
Simple interest (SI) = (P×R×T)/100
SI for the first 3 years = (20000×10×3)/100 = 6000 rupees
Amount after 3 years = P + SI = 20000 + 6000 = 26000 rupees
SI for the next 3 years = (26000×10×3)/100 = 7800 rupees
Total interest earned in 6 years = 6000 + 7800 = 13800 rupees

Answer:
The interest earned at the end of 6 years is option A, 7800 rupees.
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Saroj invested 20000 rupee in fixed deposit at the rate of 10% simple interest.After every 3 rd year he added interest to principal. Find the interest earned at the end of 6 year.a)7800b)8000c)7600d)8200.e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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