Question

how much interest will a bank charge a customer for 48,000 deposited at 10%rate for 2 years

challenge simple maths ​

Answer 1

Answer:

principal-48,000 rupees

rate- 10%

time- 2 years

Answer 2

Answer:

Given :-

• A bank charge a customer for Rs 48000 deposited at 10% rate for 2 years.

To Find :-

• What is the interest will a bank charge to the customer.

Formula Used :-

$\clubsuit$ Simple Interest or S.I Formula :

$\bigstar \: \: \sf\boxed{\bold{\pink{S.I =\: \dfrac{P \times r \times t}{100}}}}\: \: \: \bigstar$

where,

• S.I = Simple Interest
• P = Principal
• r = Rate of Interest
• t = Time Period

Solution :-

Given :

• Principal = Rs 48000
• Rate of Interest = 10%
• Time Period = 2 years

According to the question by using the formula we get,

$\implies \bf S.I =\: \dfrac{P \times r \times t}{100}$

$\implies \sf S.I =\: \dfrac{48000 \times 10 \times 2}{100}$

$\implies \sf S.I =\: \dfrac{48000 \times 20}{100}$

$\implies \sf S.I =\: \dfrac{9600\cancel{00}}{1\cancel{00}}$

$\implies \sf S.I =\: \dfrac{9600}{1}$

$\implies \sf\bold{\red{S.I =\: Rs\: 9600}}$

$\therefore$ The interest will a bank charge to the customer is Rs 9600 .