Question

amar deposited rupees 25,000 in abank at a rate pf 8 p.c.p.a for 3 years. what is the total interst he recieved at the end of the period

Answer 1

intrest =
$\frac{2500 \times 8 \times 3}{100} = \frac{60000}{100} = 600$
he gets 600 Rs intrest

Answer 2

Principal (P)= Rs.50,000

Rate of interest (I) = 8p.c.p.a

Time= 3years

Simple interest=P×R×T/100

Simple interest=25000×8×3/100

=6000/100 =600.

Total interest Amar recieved 600 Rs at the end of the period.