Question

A sum of Rs 1260 was deposited in a bank for 5 yrs at the rate of interest 8% per
annum. how much money will the bank pay on the maturity?
Rs 504 Rs 1300
Rs 1764.
None of these​

Answer 1

Answer:

The naswer to ur ques is Rs. 504

Step-by-step explanation:

The formulae of Simple  interest is P*R*T upon 100......by using this formulae         1260*8*5 upon 100=504                                                                                                                                          Plzz mark me as brainliest

Answer 2

Concept

If $P$, $R$ and $T$ is given, then the amount can be calculated as

Amount = $P$+$I$=$P$+$\frac{PRT}{100}$

Given

$P$=Rs.$1260$

$R$=$8$%

$T$= 5 years

To find

Amount on maturity

Solution

Since we are given $P$,$R$ and $T$ we can find amount on maturity by the formula.

Amount= $1260$+$\frac{1260\times8\times\\5}{100}$

             = $1260$+$504$

             = Rs.$1764$

As a result, the maturity amount is Rs.$1764$.