Banking. Please help and show the steps.
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Principle = 250
Rate = 12% p.a.
Time = 4 years
Now,
SI = p×r×t/100
=> 250×12×4/100
=> 5×12×4/2
=> 5×12×2
=> 60×2
=> 120
Rate = 12% p.a.
Time = 4 years
Now,
SI = p×r×t/100
=> 250×12×4/100
=> 5×12×4/2
=> 5×12×2
=> 60×2
=> 120
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