Question

Dilip deposits Rs 72000 in a financial company which pays an interest of 10 percent per annum.Find the interest and the amount received By Dilip after 1 year.

Answer 1

Amount = P(1+R/100)
= Rs 72000 (1+10/100)
=Rs 79200
CI = A - P
= Rs 79200 - Rs 72000
= Rs 7200

Answer 2

P= 72000
R= 10% P.A
T= 1 YR

SI = P*R*T/100
SI = 72000*10*1/100
SI = 7200
AMOUNT= P+SI
AMOUNT = 72000+7200= 79200