Question

If Rani deposits Rs 15000 in the bank at the rate of 8 p c p a for 5 years , what is the amount he will get at the end of the period ?​

Answer 1

Answer:

Given:

Principal (P) = 1500 rupees,

Rate of interest (R) = 9%

Time (T) = 2 years

Total interest (I) = P×R×T100

=1500×9×2100

= 270 rupees

Now, total amount = P + I

= 1500 + 270

= 1770 rupees

Hence, rani will get the total amount of 1770 rupees.