Question

Sonia deposited rs 1000 in a bank for 3years,the bank gives a simple interest on her money at the rate of 11% per annum(year) .what amount will she get back from the bank at the end of 3years​

Answer 1

Answer:

1330

Step-by-step explanation:

Given,

Principle (P) = 1000

Time (T)= 3 yr

Rate of Interest (R) = 11%

Since, we know Simple Interest, SI = (P×R×T)/100

Therefore, putting the values

=> S.I =  $\frac{1000*11*3}{100}$

=> S.I = 330

Now,

we know, Amount (A) = Principle (P) + Simple Interest (S.I)

Therefore, putting the values of P & S.I

=> A = 1000 + 330

=> A = 1330

Hence, the amount Sonia will get from the bank after 3 yr is Rs 1330

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