A bank pays a profit of 12% per year on savings. Profit on Rs. 50,000 for one year is:

  1. Rs. 4166.67
  2. Rs. 7,000
  3. Rs. 60,000
  4. Rs. 6,000
Answer

D) Rs. 6,000

Profit = 12100 50000 = 6000. SLO M-09-A-09 · Application

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