Question

Smit invests ₹3000 for one year at a rate of 6%. How much interest will he earn at the end of that year? ​

Answer 1

Answer:

he will get 180 rupees profit

altogether he will get amount of 3180 rupees

Step-by-step explanation:

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Answer 2

Answer:

Interest earned at the end of the year will be ₹ 180.

Step-by-step explanation:

Given:

P = 3000

R = 6%

T = 1 yr

To find:

S.I. = ?

Solution:

We know that,

S.I.=P×R×T/100

Substituting the values,

3000×60×1/100

S.I.=30×6

S.I.=180

So,

S.I. = ₹ 180