A bank pays a profit of 9.5% per year on savings. Profit on Rs. 120,000 for one year is:

  1. Rs. 12,400
  2. Rs. 12631.58
  3. Rs. 114,000
  4. Rs. 11,400
Answer

D) Rs. 11,400

Profit = 9.5100 120000 = 11400. SLO M-09-A-09 · Application

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