Question

5. Rahul deposited 215,625 in a bank for 2 years. Find the amount that he will get at the
end of 2 years at the rate of 8% p.a.
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Answer 1

₹250,125

Principal = ₹215,625

Time = 2yrs

Rate of interest= 8%

Simple Interest=$\frac{p \times r \times t}{100}$

$\frac{215625 \times 2 \times 8}{100} = 34500$

Amount= Principal+ Simple Interest

₹ 215,625+₹34500 = ₹ 250,125