Question

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Shelly deposited RS.2700 in a bank which pays 9% interest per annum on deposits . how much interest will she get at the end of 2 years.

Step by step explanation needed.

Answer 1

$\textsf{\large{Answer :}}$

$\textsf{\large{Interest Shelly got is Rs.486}}$

$\textsf{\large{Explaination : }}$

$\textsf{\large{Given :}}$

$\textsf{Principal = Rs.2700}$

$\textsf{Rate of interest = 9 percent }$

$\textsf{Time = 2 years}$

$\textsf{\large{To find :}}$

$\textsf{Interest Shelly will get}$

$\textsf{\large{Solution :}}$

→ $\mathbf{SI = P\times R\times T/100}$

→ $\mathbf{SI = 2700\times9\times 2/100}$

→ $\mathbf{SI = 27\times9\times2}$

→ $\mathbf{SI = 27\times18}$

→ $\mathbf{SI = Rs.486}$

$\therefore$ The Interest = Rs.486

$\therefore$ Interest Shelly will get is Rs.486