Question

suma deposites Rs.27000 in a bank which gives 12% interest . How much will he get back after 2 years?​

Answer 1

Question:

Suma deposits Rs.27000 in a bank which gives 12% interest . How much will he get back after 2 years?​

Given:

• Principal = ₹ 27000

• Rate = 12 %

• Time = 2 years

To Find:

Amount

Formulas used:

SI = PTR / 100

Where,

• SI - Simple Interest

• P - Principal
• T- Time

• R-Rate

A = P + SI

Where,

• A - Amount
• P - Principal
• SI - Simple Interest

Solution:

Principal deposited by Suma in a bank = ₹ 27000

At rate of interest = 12%

Time = 2 years

Simple interest:

SI = PTR / 100

= 27000 * 12 * 2 /100

= 270 * 24

= ₹ 6480

Simple Interest = ₹ 6480

Amount:

A = P + SI

= 27000 + 6480

= ₹ 33480

Amount= ₹ 33480

Answer:

Amount she gets after 2 years at a rate of 12% from principal 27000 =

₹ 33480