Question

Sneha deposited ₹ 70 in bank for 10 years. How much will she get after 10 years, if the rate % = 11/2 %
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Answer 1

Answer:

Amount deposited (principal)=rs 70

time=10 years

rate=11/2%

→_→To find Amount

formula of simple interest=p×r×t/100

As per qn,

SI=prt/100

=70×10×11/2×100

=38.50

Amount=principal+Simple interest

=70 + 38.50

=rs 108.50

Answer→_→ rs 108.50