Question

Jyoti deposited ₹6000 in a bank at the rate of 6% simple interest for 3 years . find the amount she will get at the end
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Answer 1

Answer:

Principal (P) = Rs.1500

Time (T) = 5 years

Amount (A) = Rs.2354

Hence, Simple Interest (SI) = Rs.(2354-1500) = Rs.854

SI = PRT/100

854 = 1500 × R × 5 / 100

854 = 75 × R

Rate = 11.38%

Answer 2

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