Question

Saransh deposited ₹75000 in his saving bank account .the bank pays and interest of 5% per annum .what interest will he receive after 3 years?
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Answer 1

Answer:

p*r*t/100

P=75000

R=5%

Y=3

75000/100*5*3

750*5*3

375*3

=1125

so=75000+1125=76125

Answer 2

Answer:

principal- Rs 75000

R- 5%p.a(per annum)

T-3 years

S.I(simple intrest) - 75000/100*5*3

s.i- 1125

Amount- s.i+p

1125+75000

76125