Question

Shrikant deposited 85,000 rupees for 2 and the half years at 7 p.c.p.a. in a savings bank account. What is the total interest he recieved at the end of the period?

Answer 1

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)

Answer 2

Answer:

Step-by-step explanation:

P=85000

R=7p.c.p.a

T=2.5 year

Simple interest for 1year

Simple interest=P*R*N/100

85000*7*2.5/100

425*7*5

425*35

=14875