Question

Find the S I and amount if a sum of Rs 500 is deposited in the bank for 3 years at 10% per annum S I​

Answer 1

Answer:

Given,

P=Rs 500

R=10% per annum

T=3 years

SI=(P×R×T)/100

=(500×10×3)/100

=(15000)/100

= Rs .150

A =SI + P

=150+500

=Rs. 650