Question

Rashmi deposited 1 lakh in Syndicate bank for 1 year at 6% per annum of yearly find the amount and the compound interest after one year
pls attach the method​

Answer 1

Answer:

To find the amount:

I = interest

P= principal amount

T= no of years

R= rate of interest

The Formula = I= PRT/100

Step-by-step explanation:

Principal Amount= 1,00,000

Rate of interest= 6%

I= 1,00,000×6×1/100

I=1000×6×1÷1

I= 600