Question

Shikha deposited Rs 2000 in a bank which pays 6% simple interest. She withdrew Rs 700 at
the end of first year. What will be her balance after 3 years?
​

Answer 1

Answer:

Rs.1590 is ur answer

Step-by-step explanation:

Principal amount deposited (P) = Rs. 2000

Time period (T) = 1 year

Rate of interest (R) = 6 % p.a.

Interest after 1 year =  

100

PRT

​  

=  

100

2000×6×1

​  

=Rs.120

So, amount after 1 year = Principal amount + Interest = 2000+120=Rs. 2120

After 1 year, amount withdrawn = Rs. 700

Principal amount left (P1) = Rs. 2120 - Rs. 700 = Rs. 1420

Time period (T) = 2 years

Rate of interest (R) = 6 % p.a.

Interest after 2 years =  

100

PRT

​  

=Rs.170.40

Total amount after 3 years = Rs. 1420 + Rs. 170.40 = Rs. 1590.40

hope it will help u

mark me as brainliest

and give thanks

Answer 2

Shikha deposited Rs 2000 in a bank which pays 6% simple interest. She withdrew Rs 700 at
the end of first year. What will be her balance after 3 years?

Ans:1590