Question

sunita deposited RS 8500 in a bank for 3½ years . If the bank pays simple interest at the rate of 8% per annum, how much amount will she receive after the expiry of the period ​

Answer 1

Step-by-step explanation:

Principal = RS 8500

Rate = 8 per cent

Time = 7/2 years

S.I. = P ×R ×T / 100

= 8500×8×7 / 100 ×2

= 518

So interest is RS 518

Amount= Principal+ S.I.

= 8500+518 = RS 9018

So Sunita will get rupess 9018 after expiry of peroid