shrikant deposit 85000 rupees for 21/2 Years at 7 p c p a in a saving bank account what is tha total interest he received at the end of the period?
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p= 85,000.
r= 7p.c.p.a.
t= 2 1/2= 5/2 years.
i= p*r*t/ 100
=85000*7*5/100 *2
=850*7*5/2
=425* 7*5=14,875
therefore, shrikant will receive rupees 14,875 at the end of the period.
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