Question

Sherya won a cash prize of rs 1250 for standing first in the std 7 th exam she invested that amount as a term deposit in a bank for 3 year at the rate of intrest of 8 p.c.p.a. hat is the amount that she will receive from the bank at the end of the term

Answer 1

simple interest =
$\frac{1250 \times 3 \times 8}{100 } = 300$
she will get Rs. 300 at the end of term.simple interest
she will get Rs. 325 at the of term compound interest