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Sita deposited a sum of rs 4,500 in a bank at the rate of 8% per year for 2.5 years.
(i) find the interest of the sum
(ii)find the amount received by him at the end of 4 year
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Step-by-step explanation:
1) Simple intrest( SI) = (PTR) /100
=(4500*8*2.5)/100
=900₹
2) SI for 4 year = (4500*8*4)/100
=1440₹
After 4 year SITA will get = principles+SI
=4500+1440=5940₹
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