Question

A child friendly bank announces a savings scheme for school children. They will give kidan banks to children Children have to keep their savings in it and the bank collects all the money once in a year. To encourage children savings, they give 6% interest if the amount exeeeds by? 10000, and other wise 5% Find the interest received by a school if they deposit is 9000 for one year
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Answer 1

Answer:

Amount deposited in the bank for one year is Rs. 9000, which is less than10000

So the rate of interest given by the bank,

r=

5

%

step by step:-

Principal amount,

P=

9000

Time,

t=

1

year

Simple interest

=

100

P×r×t

=

100

9000×5×1

= 90× 5= Rs.450

Answer 2

Step-by-step explanation:

Question :-

A child friendly bank announces a savings scheme for school children. They will give kidan banks to children Children have to keep their savings in it and the bank collects all the money once in a year. To encourage children savings, they give 6% interest if the amount exeeeds by? 10000, and other wise 5% Find the interest received by a school if they deposit is 9000 for one year.

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Amount deposited in the bank for one year is Rs. 9000 , which is less than 10000.

So the rate of interest given by the bank, r=5 %.

Principal amount, P=9000

Time, t=1 year

Simple interest

$\\ \rm=\frac{P \times r \times t}{100}$

$\\ \rm =\frac{90 \cancel{00} \times 5 \times 1} {\cancel{100} }$

$\\ \rm=90 \times 5 \boxed{\color{olive} \rm =R s .450 }$