Question

sheena deposited ₹2000 in a bank which pays 6% p.a. simple interest. Sge withdrawals ₹700 at the end of first year, what will be the balance amount in her account after 3 years ?

Answer 1

Principal Amount=₹2000
Time=3 years
Rate=6%
$si = \frac{p \times r \times t}{100}$

$si = \frac{2000 \times 6 \times 3}{100} = 360rupees$
Amount=2000+360=₹2360
She withdraw 700 rupees
Now Amount in his bank
2360-700=₹1660
Amount after three years=₹1660

Thanks

Answer 2

Answer:

1660

Step-by-step explanation: