Question

manish deposits 1000 in the post office saving schemes which pays an interest of 6% per annum. how much interest will he get in one year

Answer 1

Hi friend
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Your answer
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PRINCIPAL = RS 1000

RATE OF INTEREST = 6% PER ANNUM

TIME = 1 YEAR

S.I. = (P × R × T)/100

= (1000 × 6 × 1)/100

= 6000/100

= RS 60

INTEREST FOR ONE YEAR = RS 60

HOPE IT HELPS

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✯ BRAINLY STAR ✯

Answer 2

Step-by-step explanation:

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