Question

Rakesh has rs 1250 in a savings account that earns 12% annually. how much interest will he ern in 3 yrs?

Answer 1

Hey dear!


Here is yr answer.....


Given,

Rakesh has rs. 1250 in a savings account

And that earns 12% annually

Interest earned by rakesh in 3yrs = ?


Now,

P = 1250
T = 3yr
R = 12%


I = PTR/100

I = 1250×3×12/100

I = 450


Therefore, interest = rs. 450


Hope it hlpz...