Babu deposited 25000 rupees in a bank which gives 15 % Interest how much would he get back after 2 years
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Answer:
principal = 2500
interest = 15%
time = 2 year
Step-by-step explanation:
simple interest = 25000 × 15/100 × 2
=1875
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After 2 years he get Rs.1875.
Given
In a bank Babu deposited = Rs.25000
Interest = 15%
How much would he get back after 2 years?
Formula :
Simple Interest (S.I) = Principal × Interest / 100 × time
Let, Principal = 25000
Interest = 15%
Time = 2
By applying formula, we get
S.I = 25000 × 15 / 100 × 2
= 250 × 15 / 2
Now, divide 250 by 2
S.I = 125 × 15
= 1875
Thus after 2 years he get Rs.1875.
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4. Babu deposited 25000 rupees in a bank which gives 15 % Interest how much would he get back after 2 years
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