Question

I deposited Rs 500 in a bank. If the bank offers 5 per cent simple interest per years, what amount of money will i have after 3 years

Answer 1

Answer:

You will get 575₹ at the end of 3 yrs with 5% rate.

Step-by-step explanation:

Dear,

Here is your answer

Time = 3yr

Principal = 500₹

Rate = 5%

We have to find amount (A)

A = S.I + P

S.I = (PxRxT)/100

S.I = (500×5×3)/100

S.I = 75₹

Amount = S.I + P

A = 75₹ + 500₹

A = 575₹ Ans...

You will get 575₹ at the end of 3 yrs with 5% rate.

Hope it's help you.

Thank-you.

Answer 2

The amount deposited in the bank is principal = Rs 500

Rate of interest offered by bank 5% per cent

Formula to be calculated simple interest

Simple Interest = P x T x R / 100

Simple Interest = 500 x 1( per year) x 5 / 100

=25 , Now 25 becomes the interest

So, Amount = Principal + Interest

Amount = 500 + 25
= 525

Thus amount received the end of year will be 525...... hope it helps if yes then pls mark as branlist