Question

Anishka deposits $ 30,000 in a bank for one year at an interest rate of 9 p.c.p.a how much interest will she get at the end of the year

Answer 1

Answer:

Anishka will get an interest of $2700.

She will receive $32700 in the end of the year.

Step-by-step explanation:

Given:

Anishka deposits = $ 30,000

Rate = 9 %

Time = One year

To Find :

The interest she will get at the end of the year

Solution :

$\boxed{\tt{SI = \frac{Principal \times Rate \times Time}{100}}}$

⇒ SI = $\sf{\dfrac{30000 \times 9 \times 1}{100}}$

⇒ SI = $\sf{\dfrac{270000}{100}}$

⇒ SI = 2700

_______________________________________________________

Amount she will receive -

⇒ SI + Principal

⇒ 2700 + 30000

⇒ 32700

∴ Anishka will get an interest of $2700.

She will receive $32700 in the end of the year.

Answer 2

Answer:

Step-by-step explanation:

Given :-

Anishka deposits in bank = $ 30,000

Rate per annum = 9 %

Time = One year

To Find :-

The interest she will have at the maturity.

Formula to be used :-

$\bf S.I=\dfrac{Principal\times Rate\times Time}{100}$

Solution :-

$\sf\implies Simple \: Interest=\dfrac{3000\times9\times1}{100}$

$\sf\implies Simple \: Interest=\dfrac{270000}{100}$

$\bf\implies Simple \: Interest=2700$

$\sf Maturity \: Amount \: :-$

$\sf\implies\sf Maturity \: Amount=SI + Principal$

$\sf\implies\sf Maturity \: Amount= 2700+30000$

$\bf\implies Maturity \: Amount=32700$

Hence, The interest she will have at the maturity is $ 32700.