Fill in the blanks to make the statements true.
Amount obtained by depositing Rs 20,000 at 8 % per annum for six months is ________.
Given, Deposited amount = 20000
Interest = 8%
Time = 6 months =
year
⇒ we know that I = ![]()
= ![]()
= ![]()
= 100 × 8
= 800
∴ amount received = Principal + Interest = 20000 + 800
= 20800
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