Question

Ritesh deposits in the bank Rs. 9.300 for 8 months at 5% per annum rate of interest. Find the amount he will receive from the bank at the end of the period.​

Answer 1

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Step-by-step explanation:

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Answer 2

Answer:

Ritesh will receive ₹9610 from the bank after 8 months at 5% interest

Step-by-step explanation:

Simple Interest = ( 9300 × 5 × 8 ) / ( 100 × 12 )

Simple Interest = 372000 / 1200

Simple Interest = 310

Simple interest

310

so,

Amount plus interest

Amount = 9300 + 310

9300+310=9610

Ritesh will receive ₹9610 from the bank after 8 months at 5% interest