Question

If
bank at
will
of the
you deposited Rs 500 in a
8pcpa . What interest
you get at the end
year?​

Answer 1

Step-by-step explanation:

Amount = Rs 500

Rate = 8%

Time = 1 year

Interest after a year is

= (Amount × Rate × Time)/100

= (500 × 8 × 1)/100

= Rs. 40