Question

Anu deposits Rs 5000 in a saving bank account. The bank pays interest at the
rate of 8% per annum. What amount can Anu get after one year ?​

Answer 1

$\sf \Large Solution!!$

We can simply calculate the amount by finding the interest and then adding it with the principle.

$\sf \to Principle(P)=Rs\:5,000$

$\sf \to Rate\:of\:interest(R)=8\%$

$\sf \to Time(T)=1\:year$

$\sf \to Interest(I)=\dfrac{P\times R\times T}{100}$

$\sf \to I=\dfrac{5,0\cancel{00}\times 8\times 1}{1\cancel{00}}$

$\sf \to I=Rs\:400$

$\sf \large Now,$

$\sf \to Amount=P+I$

$\sf \to Amount=Rs\:8,000+Rs\:400$

$\sf \to Amount=Rs\:8,400$

Anu will get Rs 8,400 after one year.