Question

Rajesh deposited RS.1500 in a bank at a rate of 8% per annum S.I. What is the amount he will get back after 5 years?

Answer 1

here is your answer....

Answer 2

Principal=1500
Rate of interest=8%
Time=5 years

$simple \: interest = \frac{p \times r \times t}{100}$
$\frac{1500 \times 8 \times 5}{100}$
=15×40
=600
S.I.= 600
Amount= P+S.I.
=1500+600
=2100

So the amount is rupees 2100.

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