Aisha deposited 40000 rupees in a bank at a rate of 9 p.c.p.a. for 4 years. How much interest does she get every year? How much, altogether? Please anyone help me.
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Answer:
Interest per year = 3600 , total interest = 14400
Step-by-step explanation:
Here p= 40000 , R = 9 , N= 4
Interest( I ) = P × R × N ) / 100
= 40000 × 9× 4) / 100
= 400 × 9× 4
= 14400
per year interest = 14000/4 =3600
total interest = 14400
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