Question

Suhasini has Rs. 18000 in her bank account. The interest rate for the
bank account is 3% per year. What would be the amount
in Suhasini's account after the completion of one year?

Answer 1

Step-by-step explanation:

Given:

P = ₹ 18000

R = 3%

N = 1 yr.

SI = ??

SI = P × R × N / 100

SI = 18000 × 3 × 1 /100

SI = ₹ 540

A = P + I

A = 18000 + 540

A = 18540 RS.

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