Ravi saves 1200 in a savings account with a bank. The bank pays
3% interest per year. How much money will he have in the account
after 1 year?
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2
Answer:
1236 rs after one year with 3%
Answered by
2
Solution.) In this question we have to find Amount , and to find amount we first have to find interest .
Interest = P*R*T / 100
= 1200 * 3 * 1 / 100
= 12 * 3 = 36
Now , amount = principal + interest
= 1200 + 36 = 1236 rs
Interest = P*R*T / 100
= 1200 * 3 * 1 / 100
= 12 * 3 = 36
Now , amount = principal + interest
= 1200 + 36 = 1236 rs
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