Shrikant deposited 85,000 rupees for 2.5
years at 7 p.c.p.a. in a savings bank
account. What is the total interest he
received at the end of the period?
Answers
Answered by
4
Answer:
As SI =P*R*T/100
So,85000*30months*7/100*12
therefore , as I solve ₹14875 will be our answer
(if there are months we multiply 100 by 12)
Step-by-step explanation:
Answered by
4
Step-by-step explanation:
Principal ( p) = 85,000 rupees,
Rate of interest( R) = 7 percent
Total(T) = '21/2' years
= '5/2'
Total interest (I)= '( " p" xx"T") /100'
= '(85000xx7xx5)/(2xx100)'
= 14875 rupees
Hence, Shrikant will receive14875 rupees as interest from the bank.
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