if Raha deposits 3,00,000 rupees in a bank at 10%p.c.p.a.for two years. What is the total Amount he will get from the bank
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Answer:
Amount = ₹3,60,000
Explanation:
Principal = ₹3,00,000
Rate Of Interest = 10℅
Time = 2 years
Simple interest = Principal×Rate Of Interest ×Time/100
S. I = 3,00,000×10×2/100
=₹60,000
Amount = Principal + Simple Interest
= ₹3,00,000 + ₹60,000
= ₹3,60,000
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