Question

if Mahesh deposited RS 8650 in a bank at a rate of 6 p. c. p. a how much money will he get at the end of the year?​

Answer 1

Answer:

Principal amount (p)= Rs. 8650

rate (r)= 6%p.a.

time (t)= 1 yr.

interest (I) = p×r×t/ 100

•°• I = 8650 × 6 × 1/ 100

I = 173 × 3

I= Rs. 519

•°• the amount which he will get at the end of the year = Rs. (8650 + 519)

= Rs. 9169