Question

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 ?

Answer 1

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

Answer 2

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:

$I=\frac{P\times r\times t}{100}$

$I=\frac{8650\times 6\times 1}{100}=519$

The interest on ₹8650 is ₹519.

The money he will get at the end of the year in all is

$A=P+I=8650+519=9169$

Therefore the money he will get at the end of the year in all is ₹9169.