Question

2. Basu deposited 35000 for 6 months in a bank. If the rate of interest is 8.5% p.a. Find the
amount he will get back from the bank.
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Answer 1

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Answer 2

Step-by-step explanation:

$principal \: = 35000 \\ time \: = 6 \\ rate \: of \: interest \: = 8.5\% \\ simple \: interest \: = \frac{p \times r \times t}{100} \\ = \frac{35000 \times 85 \times 6}{100 \times 10} \\ = 17850 \\ amount \: = principal \: + simple \: interest \\ = 35000 + 17850 = 52850$