Question

Reetu deposits ₹7000 in a saving account. The bank pays interest at the rate of 6% per year. What amount can reetu get after 5 years?

Answer 1

Hey Mate,

Here's your answer :-

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=> Principal = 7000 Rs

=> Rate = 6%

=> Time = 5 years

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=> S.I = PRT / 100

=> S.I = 7000 × 6 × 5 / 100

=> S.I = 70 × 6 × 5

=> S.I = 2100

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=> Amount = S.I + P

=> Amount = 2100 + 7000

=> Amount = 9100

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$additional \: information$

S.I = PRT / 100