Question

6. Evaluate: (v) You deposit Rs 1200 into your account on 8% simple annual interest. The balance in your account after 3 years = Rs ___.

Answer 1

Answer:

1488

Step-by-step explanation:

deposit rupee=1200

I =8%

SI=P×T×I

cost of SI= 8%×1200×3

= 288

the balance in account after 3years =1200+288

= 1488