Question

maths banking 10
MI=500
n=4years
R=20%
find amount ​

Answer 1

Answer:

$simple \: interest \: = \frac{p \times r \times t}{100} = \frac{500 \times 4 \times 20}{100} = 400 \\ amount \: = principal \: + simple \: interest \\ amount \: = 500 + 400 = 900$

Amount = ₹900