Question

Akash deposited 25000 rupees in a bank at a rate of 8 P. C. P. A. For 3 years how much interest does he get every year? How much altogether

Answer 1

Answer:

Hope this is useful answer

Answer 2

Given:

Akash deposited 25000 rupees in a bank at a rate of 8  P. A. For 3 years .

To Find:

How much interest does he get every year? Total intertest?

Step-by-step explanation:

• Simple interest for 1 year can be calculated by the formula

                    $\frac{P\times R \times T}{100}$

• where P= principal amount,R= rate of interest,T= Time.

       $\Rightarrow\frac{25000\times8\times1}{100} =2000$

    total interest for 3 years= 3(2000)= Rs6000

Hence,he get interest every year is 2000.