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
Answers
Answered by
3
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 )
Answered by
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
Similar questions