Saba deposited 18000 in a bank for 3 years which pays 6 percent per year find the simple interest she will get at the end of 3 years
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Principal=₹18000
Rate of interest=6% per annum
Time=3 years
Simple interest=P×I×T/100
₹18000×3×6/100=₹3240
Therefore, Amount=Principal+ Simple interest
amount=₹18000+₹3240
amount=₹21240
so, the amount Saba will get after 3 years is ₹21240.
Rate of interest=6% per annum
Time=3 years
Simple interest=P×I×T/100
₹18000×3×6/100=₹3240
Therefore, Amount=Principal+ Simple interest
amount=₹18000+₹3240
amount=₹21240
so, the amount Saba will get after 3 years is ₹21240.
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Answer = ₹3240
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