Priyanka deposited 6500 in a bank for one year the bank pays interest at the rate of 9% per annum she withdrew 1250 after the end of the year and deposited the remaining amount for 3 years what amount will she get after two years
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Step-by-step explanation:
P=6500,r=9%per annum
Amount of 1 year = rs (6500×9×1)/100
=rs(65-9)=585
Amount after 1 year = rs (6500+585)=rs 7085
Priyanka withdrew rs 1250 after 1 year
Balance amount = rs (7085-1250)
=rs 5835
Now,
Interest for next two years balance amount
= rs (585×9×2)/100=rs 1050.30
Hence,The amount after 3 years
Rs (5835+1050.30)= rs 6885.30.
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