Question

A man deposits Rs 3000 in a bank for 2 years at 5% per annum. Find the money he

would get back after 2 years.​

Answer 1

Answer:

Simple interest = 27250 – 25000 = 2250

Time = 3 years.

SI = PTR / 100 → R = SI * 100 / PT

R = 2250 * 100 / 25000 * 3 → R = 3%.

Answer 2

Principal= rs 3000

Rate of Interest=5% p.a.

Time=2years

Simple Interest= 3000×5×2

100

=1500×2

100

=3000

100

=rs 30