Question

1. Roy invested 45,000 in a savings bank account that will earn him 6% simple interest p a. How much interest will he earn
if the money was kept in the bank for 45 months?
a. 10,125
b. 12.150
c. 101,250
d. 121,500
(Need the ans urgently)

Answer 1

Answer:

Simple interest = ₹10, 125

Step-by-step explanation:

Simple Interest= p×r×t/100

Here the time given is 45 months which are 3 years and 9 months.

So we will calculate the interest for 3 years separately and 9 months separately and then we will add both of them like as follows :-

Simple interest for 3 years :-

45,000×6×3/100 = 8100

Now simple interest for 9 months :-

45000×6×9/100×12 =2025

Now adding both we get ₹10125.

This is the final interest on the amount.

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