Question

Sahara deposit 5000 in a bank at 10% rate of interest how much amount will be in her account after 1 year 2 and 3 respectively ​

Answer 1

Answer:

1 year = ₹5500

2years =₹6000

3years=₹6500

Step-by-step explanation:

Principle=5000

Rate of interest =10%

Time period=1 year

Simple interest = P×T×R/100

=5000×1×10/100

=₹500

Now :

Amount = P+I

=₹5000+₹500

=₹5500

Repeat the same process by changing the time periods (2years and three years respectively )

Answer 2

Answer:

After 1st year:-

5000+5000*10*1/100=Rs.5500

After 2nd year :-

5000+5000*2*10/100=Rs.6000

After 3rd year:-

5000+5000*3*10/100=Rs.6500