Question

sunil deposit rs 250 for 1 year at raye of 5% in a reccuring account than how much money he get at maturity​

Answer 1

Answer:

262.5 is the correct answer

Answer 2

Sunil will receive Rs. 262.5 at maturity.

Step-by-step explanation:

To calculate the amount that Sunil will receive after 1 year, we first find the interest he will earn for 1 year.

$Simple\ Interest = \frac{Principal * Rate * Time}{100}$

Given:

Principal = Rs. 250

Rate = 5%

Time = 1 year

$Simple\ Interest = \frac{250*5*1}{100}$

$Simple\ Interest = Rs 12.5$

$Amount = Principle + Simple\ Interest$

$Amount = 250 + 12.5\\Amount = Rs. 262.5$

Sunil will receive an amount of Rs. 262.5, after 1 year.