Suresh deposited Rs 20,000 in a bank at the rate of 6pcpa. How much money will he get at the end of the year in all.
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Answer:
amount = p + I so simple intrest =
p ×n× r÷ 100
hence,
subtitute values
= 20000×6×1÷100
= 200×6
= 1200
simple intrest = 1200
we find total amount so
by formulae
amount = 1200+ 20000
21200 is amount
ans. he will get end of year 21200 rupees.
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