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.
Answers
Answered by
7
Answer:
Simple interest = 27250 – 25000 = 2250
Time = 3 years.
SI = PTR / 100 → R = SI * 100 / PT
R = 2250 * 100 / 25000 * 3 → R = 3%.
Answered by
0
Principal= rs 3000
Rate of Interest=5% p.a.
Time=2years
Simple Interest= 3000×5×2
100
=1500×2
100
=3000
100
=rs 30
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