Father deposited a sum of RS 3500 in a bank at the rate of 7.5% per year for 4 years. find the interest
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So first list the given things
=P=₹3500
R=7.5%=75/10
T=4yrs
SI=P*R*T/100
=3500*75*4/100*10(bring to simplest form)
=7*75*2
=₹1050
Therefore the SI is ₹1050
=P=₹3500
R=7.5%=75/10
T=4yrs
SI=P*R*T/100
=3500*75*4/100*10(bring to simplest form)
=7*75*2
=₹1050
Therefore the SI is ₹1050
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