Question

Shikha deposited Rs 2000 in a bank which pays 6% simple interest. She withdrew Rs 780 at the end of the first year. What will be her balance after 3 years ?

Answer 1

At the end of first year Simple Interest  = 2000*1*6  = 120
                                                                       100
Amount = P+I = 2120, Withdraw Amount = 780,
Balance Amount = 2120-780 = 1340
After next 2 years, Simple Interest = 1340*6*2  = 160.8
                                                               100 
Balance at the end of 3rd year = 1340 + 160.8 = 1500.8

Answer 2

Hlo Every one this is the answer