Question

Nitya deposited Rs 1200 in a saving bank. The bank offered 6% simple interest per annum. How much interest does Nitya earn in 2 years? *

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Answer 1

rs 144

Step-by-step explanation:

Answer 2

$Given \: Deposited \: in \: Bank \: by \: Nitya\\= Principal (P) = Rs \: 1200$

$Rate \: of \: interest \: (R) = 6\% \: per \: annum$

$Time (T) = 2\: years$

$Let \: simple \: interest = I$

$\boxed{\pink{ I = \frac{ PTR }{100} }}$

$\implies I = \frac{ 1200\times 2 \times 6 }{100}$

$= 12 \times 2 \times 6 \\= Rs \: 144$

Therefore.,

$\red{ Interest \: earned \: in \: 2 \: years } \\\green { = Rs \: 144}$

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