rita deposit 2000 rupees in a bank which place 6% simple interest with withdrew 700 after 1 year what will be the balace of 3 year
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Step-by-step explanation:
Interest on 2000 at 6% at the end of 3 years
a) 2000x 3 × 6÷100 =360.
Withdrawal.
Interest on 700 for 2 years at 6%
b) 700 × 2 × 6% = 84
Balance at the end of 3 years,
2000 + 360 - (700 + 84) = 1576.
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