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A man invests 50000 in a bank which gives simple interest at the rate of 6% per year. How much money will be in his account after 3 years?

A55000

B62000

C65000

D59000

Answer:

D. 59000

Read Explanation:

P=50000 R=6% N=3 I = PNR/100 = 50000 x 3 x 6/100 = 9000 Amount after 3 years = 50000+9000=59000


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