Sheila deposited rs20000 in a bank where the interest is credited quarterly if the rate of interest paid by the bank is 6 percent per annum what amount will she get after 1 year
Answers
Answered by
0
GIVEN : Principal (P) =20000
rate of interest(R) =6p.c.p.a
no. of years (N) =1
TO FIND : Simple interest (S.I)=?
SOLUTION : S. I. =PNR/100
=20000×6×1/100
=1200
Hope it helps you
rate of interest(R) =6p.c.p.a
no. of years (N) =1
TO FIND : Simple interest (S.I)=?
SOLUTION : S. I. =PNR/100
=20000×6×1/100
=1200
Hope it helps you
Similar questions