Question

Mr.Patle depostits 500 rupees in a bank at the beginning of the first year 530 rupees at the beginning of second year and rupees 550at the beginning of the third year.the bank 8percent per annam simple interest.what will be the amount in his account at the end of third year.
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Answer 1

Step-by-step explanation:

year 1

principal =rs500

interest =8% of rs 500

rs 40

year 2

principal = rs 5500 + rs 530

rs 2030

interest = 8% of rs 1030

rs 82.40

year 3

principal =rs1030 + rs 520

rs 51550

interest = rs 124

accumulated interest at the end of 3 year = rs 40+ 82.40+124 =rs 256.40

total amount in the account = rs 2796.40

I hope this is helpful for you .