- Mahesh deposited 3050 in bank at a rate of 6 p.c.p.a. How much money will he
get at the end of the year in all?
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Answer:
Given,
principal (P) = 3050 rupees
Rate of Interest (R) = 6%
Time (T) = 1yr
Now, interest = P × R × T ÷ 100
= 3050 × 6 × 1 ÷ 100
= 18300 ÷ 100
= 183
A.T.Q
Total amount = 3050 + 183 = 3233
Hence , Mahesh will get Rs. 3233 at the end of the year in all .
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