Question

If kimaya deposits 2500 rupees in school saving bank at 7 p.c.p.a. for 2 years, What is the total amount she will get?​

Answer 1

Answer:

Total interest = 2500 x 7/100 x 2 = 350 Rs

Total amount she will get back = 2500 + 350 = 2,850 Rs

Answer 2

Answer:

Hence the total amount kimaya will received is Rs.2850

Step-by-step explanation:

As per the information provided in the question is as follow,

Kimaya deposits 2500 rupees,

Principal amount is Rs.2500,

We have rata of interest (R) is 7%

Also we have time period (T) is 2 years

We need to find the total amount she will get.

Use the formula of interest

$(I)=\frac{PTR}{100}$

Then substitute the values in the above equation we get,

$(I)=\frac{2500\times2\times7}{100}$

We will cancel two zeros from numerator and denominator we get,

$(I)=25\times2\times7$

We will multiplying the above value i.e. 25 by 2 ,we get 50

$I=50\times7$

we will multiplying the above value i.e. 50 by 7, we get 350

$I=Rs.350$

The total amount kimaya will get,

amount deposit + interest received

$=2500+350\\=Rs.2850$

Hence the total amount kimaya will received is Rs.2850