Satish deposits Rs 12000 in a bank for 3 years and 4 months. How much will he get back after closing his account if the bank offers an interest of 8% per annum?
Answers
Answered by
3
Answer:
15200 Rs
Step-by-step explanation:
Amount Deposited = P = Rs 12000
Rate of interest = R = 8 % per annum
Time = 3 Years 4 Months = 3 + 4/12 = 3 + 1/3 = 10/3 Years
Intrest Earned = P * R * T /100
=> Intrest Earned = 12000 * 8 * (10/3) / 100
= 3200 Rs
Amount Recived = 12000 + 3200
= 15200 Rs
Answered by
3
Answer:
have a bright future ahead....
Attachments:
Similar questions