Question

akansha has a savings accounts with simple interest of 6%. if she deposits Rs 938, after 23 years what is the interest and what is the total amount in the account​

Answer 1

Answer:

~2232.44

Step-by-step explanation:

Simple interest is given by: Principle * period * rate per period.

assuming 6% is interest per annum we calculate simple interest as

938 * 23 * 6% = ~1294.44

Total Amount in account is Principal + Interest so

938 + 1294.44 =~2232.44