Example 1: A boy deposited Rs 200 in the Post Office Savings Bank which
pays an interest of 5.5%. How much interest will he get in one
year?
Answers
Answered by
1
Answer:
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Answered by
0
Answer:
S.I = 11₹
Step-by-step explanation:
P = 200
r = 5.5
t = 1
A = P (1+rt/100)
A = 200(1+ (5.5/100))
A = 200(1+ 11/200)
A = 200(211/200)
A = 211
A = P + S.I
S.I = 211-200 = 11
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