Question

Akash deposited 24000 with a finance company which pays 15% per annum simple interest. How much did Akash get an interest at the end of: (i) 4 years, (ii) 5 years? 4 .​

Answer 1

Answer:

P=8500

R=18%

T=3 yr

SI=

100

PRT

=

100

8500×18×3

=4590

A=SI+P

=4590+8500

=13,090

the amount Vineet will receive after 33 years is Rs 13,090.