Question

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?​

Answer 1

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

Answer 2

Answer:

have a bright future ahead....