Sarvi deposited ₹ 85000 in her savings bank account. The bank pays an interest of 5% per annum. What interest will she receive after 3 years?
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7
Answer:
Here, P = Rs 85000, R = 7 p.c.p.a., T = 2(1/2) years = 2.5 years ∴ Total interest = (P x R x T)/100 = (85000 x 7 x 2.5)/100 = (85000 x 7 x 25)/(100 x 10) = 85 x 7 x 25 = Rs. 14875 ∴ The total interest received by Shrikant at the end of the period is Rs 14875.
Answered by
0
Answer:
Here, P = Rs 85000
R = 7 p.c.p.a.
T = 2(1/2) years = 2.5 years
∴ Total interest = (P x R x T)/100
= (85000 x 7 x 2.5)/100
= (85000 x 7 x 25)/(100 x 10)
= 85 x 7 x 25
= Rs. 14875
∴ The total interest received by Shrikant at the end of the period is Rs 14875.
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