Question

A man deposited Rs 9000 in a bank which gave interest at 11%.What amount will he receive after 3 years 4 months

Answer 1

this might be ur answer

Answer 2

Hello friend

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First write all the given values.

Principal (P) = 9000

Rate of Interest (R) = 11℅

Time (T) = 3 year and 4 months

which can be written as:

= 3 + 4/12 year

= 3 + 1/3

= 10/3 years.

So Time become is = 10/3 years.

We have to find the amount which will receive from the bank.

We know that,

Amount = Principal + Simple Interest

So,first we need to calculate the simple interest.

And we know the formula for finding the simple interest which is,

S.I = P x R x T/100

S.I = 9000 x 11 x (10/3)/100

S.I = 90 x 11 x 10/3

S.I = 9900/3

S.I = 3300

Simple Interest = 3300 Rs.

Now we can easily find the Amount,

So,by using the formula for finding the amount which is,

Amount = Principal + Simple Interest

Amount = 9000 + 3300

Amount = 12300 Rs.


Thanks...

:)