Question

A sum of ₹35000 was invested at the rate of 5% simple interest per annum. What was the interest earned at the end of 3 years of investment?

Answer 1

Answer:

simple

Step-by-step explanation:

35000 × 5%

$35000 + 5\%$

Answer 2

Answer:

A=Rs41685.56

CI=41685.56-350000

CI=Rs6685.56

Step-by-step explanation:

A=P(1+ 100r )

n

P= Rs 35000, Time, n= 3 half years, R= 12% p.a= 6% per half yearly

A=35000(1+ 1006 ) 3

A=35000( 100100+6 ) 3

A=35000( 100 106 ) 3

A=35000(

50

53

)

3

A=Rs41685.56

CI=41685.56-350000

CI=Rs6685.5