Amount obtained by depositing ₹20,000 at 8 % per annum for six months is ________. Fill in the blanks to make the statement true.

Solution:

Amount obtained by depositing ₹20,000 at 8 % per annum for six months is ________.

We have to fill in the blanks to make the statement true.

According to the question,

P = ₹20,000

R = 8%

T = 6 months = 1/2 year

Interest, I = P × R × T/100

= 20000 × 8 × 1/100 × 2

= 20000 × 4/100

= 80000/100

= ₹800

We know, Amount = Principal + Interest

Amount = 20000 + 800

= ₹20800

Therefore, the amount is ₹20,800

✦ Try This: Amount obtained by depositing ₹5000 at 5 % per annum for nine months is ________. Fill in the blanks to make the statement true.

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 48

Amount obtained by depositing ₹20,000 at 8 % per annum for six months is ________. Fill in the blanks to make the statement true

Summary:

Amount obtained by depositing ₹20,000 at 8 % per annum for six months is ₹20,800.

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