Question

If rupees 5000 invested at a rate of 4% p.a. for a period of 3 years. what will be the amount that a person would get from it?

Answer 1

Answer:

the person would get an amount of Rs. 5,600 /-

Step-by-step explanation:

Amount = Principal + Simple Interest

Principal = Rs. 5000

Simple Interest = Principal x Rate of Interest ( in % ) x Time ( in years )

= 5000 x 4/ 100 [ 4% = 4/100 ] x 3

= 60000 / 100

= Rs. 600

Amount = Principal + Simple Interest

= 5000 + 600

= Rs. 5,600

so the person would get an amount of Rs. 5,600 /-

Answer 2

Answer:

Step-by-step explanation:principal =5000

Intetest=4%I. (4/100)×5000=200

Amount after 3 yr =200×3+5000=5600