Math, asked by pushpaashwaghosh, 3 months ago

if ₹ 10,000 is deposited with simple interest at 18 p.c.p.a. the monthly interest obtained is​

Answers

Answered by ashaashley09
3

Answer:

The monthly interest obtained is Rs.150.

Step-by-step explanation:

The invested amount is Rs. 10000, and is deposited with simple interest at 18 PCPA i.e. per cent per annum.

Therefore, the yearly interest is 18%.

So, the monthly interest is .

Hence, the monthly interest obtained from this investment of Rs. 10000 will be =  Rs. (Answer)

The interest formula of simple interest is  , where P is the principal invested, r is the rate of interest in percent and t is the time of holding time of the principal.

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