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Amount received after depositing Rs 800 a period of 3 yr at the rate of 12% per annum is Rs 896.

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State whether the statement are True or False.

Amount received after depositing Rs 800 a period of 3 yr at the rate of 12% per annum is Rs 896.

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1 Answer

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Best answer

False

Given,

Also, amount (A) = P + I = 800 + 288 = ₹1088

Hence, the amount received is ₹1088.

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