Question

find the simple interest if the sum is 300,000 was deposited in the bank that offers a1.5% per annum in 3years and 4months.

Answer 1

Answer:

A has invested an amount of Rs. 15000 at an interest rate of 5% for almost 2 years. So his SI will be calculated as Rs. (15000 X 5 X 2/100) ...