A man deposited ₹4500 in a bank which paid him an interest of 11% per annum. how much simple interest will he got at the end of five years
Answers
Answered by
0
Answer:
Simple Interest = Rs. 2475
Step-by-step explanation:
SI = P*R*T/100
= 4500*11*5/100
=2475
Where,
SI = Simple Interest
P = Principal Amount
R = Rate of Interest (per annum)
T = Time (in years)
If you find this answer useful, I would really appreciate it if you mark it as the brainliest.
It really helps me to level up and help more people.
Similar questions