Question

Susan deposited 9500in a bank at the rate of 7 p.c.p.a.how much interest will she get at the end of the year ?

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Answer 1

Answer:

Step-by-step explanation:

Principal amount = 9500

Rate of interest = 7%

time period = 1yr

therefore,

Interest on 9500 for 1 yr at 7% is

(7/100)*9500

i.e. = 665

Susan will get interest of 665 rs

Answer 2

Step-by-step explanation:

WE WILL PUT THE FORMULA OF SIMPLE INTEREST THAT IS P × T × R / 100 WHERE P IS 9500, T IS 1 YEAR AND R IS 7.

P × T × R / 100

9500 × 1 × 7 / 100 = 665.....