Priyanka deposited RS.6500 in a bank which pays 9% per annum interest. She withdrew RS.1250 after the end of the first year. What amount will she get after three years?
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If it is S.I. S.I. for first year= 6500×9×1/100 =>SI = 585 Total Amount after 1st year=6500 + 585 = 7085 Amount after withdrawal = 7085-1250 = 5835 SI for 3 years = 5835×9×3/100 = 1575.45 therefore, Amount = 5835 + 1575.45 = 7410.45
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