Question

If Reema deposits₹4500 in the school fund at 7 p.c.p.a for 3years. How much interest will be received by Reema?

options:
a) 945
b) 1080
c) 863
d) 954​

Answer 1

Answer:

a) Rs 945.

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Answer 2

Answer. Solution



Verified by Toppr

Principal(P) =1500 Rs.

Rate of interest(R) =9%

Time(T) =2 years

Total Interest(I) = 100PRT

=1001500×9×2 

=270 Rs.

Now, total amount =P+I=1500+270=1770 Rs.