600 rupees for 5 year at 12 whole 1 by 2% paisa
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Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
Rate of interest: The interest paid on $ 100 for one year is called the rate per cent per year or rate per cent per annum.
Time: The period of time for which the money is lent or invested.
Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
Amount: The total money paid back to the lender is called the amount.
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Answer:
As under:
If we want to calc simple int
Step-by-step explanation:
it is 600*12.5*5
=₹ 375
Amount you get is 600+375
= ₹ 975
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