Question

If rihana deposits rs 1500 in the school fund at 9 p.c.p.a. for 2 years ,what is the total amount she will get?

Answer 1

SI is P×R×T÷100=
=1500×9×2÷100=270
AMOUNT= 1500+270=1770

Answer 2

Given: Principal = 1500 Rs.

           Rate of Interest - 9%

           Time = 2 years

Need to Find: The Interest and amount.

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$\underline{\dag \; \frak{As \; we \; know \; that:}}$

$\star \; \boxed{\pink{\sf I = \dfrac{P \times R \times T}{100}}}$

Therefore,

$:\implies \sf I= \dfrac{15\cancel0\cancel0 \times 9 \times 2}{1\cancel0\cancel0}\\\\:\implies \sf I= 15 \times 9 \times 2\\\\:\implies \underline{ \boxed{ \sf I= 270} } \; \bigstar$

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$\qquad \quad \boxed{\underline{\mid{\overline{\bf{\bigstar \; More \; to \; know:}}\mid}}}$

Banks:

A bank is a government recognized institution that carries out transactions of money. Banks make it easier to plan the use of money, i.e., to do financial planning. We can either deposit cash money in a bank or withdraw cash from it. For that purpose, we must open an account in a bank. Bank accounts are of various kinds.

• Current Account
• Savings Account
• Recurring Deposit Account
• Fixed Deposit Account.