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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P=6500,r=9%per annum
Amount of 1 year = rs (6500x9x1)/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 (585x9x2)/100=rs 1050.30
Hence, The amount after 3 years
Rs (5835+1050.30)=rs 6885.30.
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