Mahesh deposit ₹8650 in a bank at a rate of 6 p.c.p.a how much money will he get at the end of the year in all ?
Answers
Answered by
74
Simple Interest= Principal*ROI*Time/ 100 So, 8650*6*1/100=173*3 =Rs.519. Total amount he would get after 1 treat will be SI+Principal= 8650+519= 9169
Answered by
82
Answer:
The money he will get at the end of the year in all is ₹9169.
Step-by-step explanation:
It is given that Mahesh deposit ₹8650 in a bank at a rate of 6 p.c.p.a.
Principal amount = 8650
Rate of interest = 6% p.a.
Formula for interest:
The interest on ₹8650 is ₹519.
The money he will get at the end of the year in all is
Therefore the money he will get at the end of the year in all is ₹9169.
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